With OPR in focus, ringgit to trade in tight range


The Monetary Policy Committee (MPC) meeting is scheduled on Thursday, Sept 10 with a number of analysts expecting a 25-basis point cut in the OPR.

KUALA LUMPUR: The ringgit is expected to trade in a tight range this 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.

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