Malaysia Set to Extend Rate Pause as Ringgit Outperforms Peers [Yahoo! Finance]
HSBC Holdings, plc. (HSBC)
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Source: Yahoo! Finance
spare policymakers the pressures that prompted a surprise hike in Indonesia last month. Most Read from Bloomberg Americans Are Racking Up ‘Phantom Debt' That Wall Street Can't Track Stormy Daniels Will Return to Court in Test of Trump's Demeanor Trump Judge Indefinitely Postpones Documents Case Trial US Pauses Arms Shipment to Israel on Rafah Invasion Concerns Bank Negara Malaysia will likely maintain the overnight policy rate at 3%, according to all 24 economists in a Bloomberg survey. The central bank last adjusted borrowing costs a year ago, when it increased the benchmark by a quarter point. Malaysia is under no immediate pressure to follow the lead of Indonesia, that had signaled there won't be further tightening. The ringgit has recovered from a 26-year-low reached in February against the dollar, outperforming most of Southeast Asia this year after the central bank mounted the currency's defense. That gives BNM space to support the economy as it assesses the impact
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