Ringgit likely to trade sideways with upside bias next week


KUALA LUMPUR: The ringgit is expected to trade sideways with an upside bias next week, reflecting a cautious but optimistic market sentiment, ahead of the Bank Negara Malaysia (BNM) Monetary Policy Committee meeting scheduled on Sept 4, said an economist.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said BNM is likely to maintain the overnight policy rate (OPR) at 2.75 per cent.

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