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PETALING JAYA: Most economists expect Bank Negara Malaysia to cut interest rates again next month to support Malaysia’s faltering economy amid the Covid-19 pandemic.
NEW DELHI/MUMBAI (Reuters) - India's central bank slashed interest rates in an emergency move on Friday to counter the economic fallout from the coronavirus pandemic after the federal government locked down the country in order to slow the spread of infections across the region.
BANGKOK, March 23 (The Nation/ANN) -- The Bank of Thailand (BOT) has pledged to inject over Bt1 trillion to rescue the financial markets while the Ministry of Finance promised extra economic relief to support people affected by the Covid-19 fallout.
BANGKOK: The Bank of Thailand cut its benchmark interest rate to a fresh record low in an emergency meeting as the coronavirus outbreak damages the country’s tourism industry and raises the risk of recession.
PETALING JAYA: Bank Negara has announced that the Statutory Reserve Requirement (SRR) ratio will be lowered by 100 basis points from 3% to 2% in an effort to shore up liquidity in the banking system.
KUALA LUMPUR: AmInvestment Research expects the Overnight Policy Rate (OPR) to be cut by 25 basis points during Bank Negara Malaysia’s Monetary Policy Committee (MPC) meeting on May 5.
PETALING JAYA:Petroliam Nasional Bhd (Petronas) may again be called to boost its dividend payout to the government this year, on top of the RM24bil it has committed to, according to Kenanga Research.
PETALING JAYA: Malaysia may need to recalibrate Budget 2020 if oil prices continue to persist at current levels, with a risk of sinking further.
LONDON: The Bank of England's Monetary Policy Committee (MPC) voted unanimously to reduce Bank Rate by 50 basis points to 0.25% on Wednesday to respond to the economic shock from Covid-19.