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KUALA LUMPUR: Short-term interbank rates closed stable yesterday on Bank Negara’s operations to absorb surplus liquidity from the financial system.
Rate likely to be reduced by 25 basis points to 1.50%
Products such as PVC, PP and polystyrene to benefit
Nidec says it can make key component for EVs cheaper
MANILA: The worst is over for the pandemic-hit Philippine economy, and a “remarkable rebound” is expected this year, according to the central bank chief, adding that the current accommodative monetary stance is sufficient for a revival in growth
KUALA LUMPUR: The ringgit slipped lower against the US dollar as investors remain uncertain over the reinstatement of the Movement Control Order (MCO 2.0) and state of emergency.
KUALA LUMPUR: OCBC Bank Research expects Bank Negara Malaysia to likely reduce the Overnight Policy Rate (OPR) by 25 basis points to 1.50% at its Jan 20 monetary policy committee meeting due to the weaker economic outlook.
SAUDI Arabia’s decision last week to deliver a surprise cut of one million barrels a day in its crude production shocked the oil market.In abandoning a policy of collective responsibility and letting other members of the Opec+ grouping increase output while reducing its own, the kingdom took the entire burden of balancing supply and demand on its shoulders.
NEW DELHI: India’s key money-market rates and yields on short-term debt rose after the central bank took its first small step toward unwinding emergency pandemic measures.
NEW YORK: The US dollar rebound is picking up pace, with signs that speculative traders are busy covering short positions after US Treasury yields surged.