All eyes on central banks’ monetary statements

PETALING JAYA: Monetary policy statements from central banks this week are set to provide financial markets with leads on where central banks are headed in the short term while a slew of economic data and corporate earnings could determine if the recent market gains can be sustained.

Bank Negara’s Monetary Policy Committee (MPC) is set to decide on its overnight policy rate (OPR) tomorrow just hours after the Federal Reserve (Fed) announces its interest rate stand, which is widely tipped to be a 75-basis-point (bps) hike.