KUALA LUMPUR: The ringgit is likely to trade within a narrow range against the US dollar next week as investors take a cautious stance ahead of Bank Negara Malaysia’s Monetary Policy Committee (MPC) meeting on Jan 22.
Bank Muamalat Malaysia Bhd’s chief economist, Dr Mohd Afzanizam Abdul Rashid, said traders will be watching the BNM’s MPC meeting next week and believe the central bank is likely to maintain the overnight policy rate (OPR) unchanged at 2.75 per cent as the growth trajectory has been commendable, while the inflation rate remains low.
