Ringgit likely to be in tight range against the greenback ahead of Bank Negara's annual report

KUALA LUMPUR, March 26 (Bernama): The ringgit is likely to remain within a tight range against the US dollar from Monday (March 26) ahead of Bank Negara Malaysia’s (BNM) annual report on March 29, said an economist.

Bank Muamalat Malaysia Bhd chief economist and social finance Dr Mohd Afzanizam Abdul Rashid said markets continue to expect BNM to deliver another 25 basis points (bps) rate hike in May.