BNM'S OPR decision and Malaysia's to influence ringgit movement


KUALA LUMPUR, Oct 31 (Bernama): Bank Negara Malaysia’s (BNM) policy rate decision on Tuesday (Nov 3) and Budget 2021 tabling on Friday (Nov 6) are set to be catalysts for the ringgit against the US dollar and other major currencies next week.

The Overnight Policy Rate (OPR) is currently at 1.75 per cent after the central bank slashed the key interest rate by a cumulative 100 basis points (bps) during its Monetary Policy Committee meetings this year.

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