All eyes will be on Bank Negara’s monetary policy committee meeting next week as to whether the overnight policy rate will be raised. As the arguments for a rate hike in Malaysia have been laid down, the expectation is that a 25-basis point hike is in store.
That move will run against what the US and EU have been saying or doing, but there seems to be a growing divergence between conforming with the norm and acting on each country’s individual needs.
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