Ringgit to trade in tight range next week, OPR in focus

A money changer counts Malaysian ringgit banknotes for customers in Kuala Lumpur on June 11, 2015. The fall in the Malaysian ringgit would boost exports and encourage foreign tourists to visit the Southeast Asian country since goods and services will be cheaper. AFP PHOTO / MOHD RASFAN

KUALA LUMPUR, Sept 5 (Bernama): The ringgit is expected to trade in a tight range next week with all eyes on the overnight policy rate (OPR) review.

Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the statement from Bank Negara Malaysia (BNM) should be closely watched especially on how the central bank sees the economy post-automatic moratorium period, which will expire at month-end.