-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI PODCAST: FedSpeak: Ghamami Sees Higher R-Star On Deficits
MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q
MNI STATE OF PLAY: Another 25bps Hike Likely In Malaysia
Malaysia’s central bank meets this week and is expected to continue with the tightening cycle it commenced at its last meeting in May.
Bank Negara Malaysia surprised the market in May with a 25 basis point hike in the Overnight Policy Rate, taking it to 2%, and is likely to continue with another similar rise this week as the bank looks to pre-emptively bring inflation under control. Any increase would be the first time BNM has hiked rates at consecutive meetings, (See: MNI STATE OF PLAY: Malaysia Moves Early With Rate Hike).
The policy rate was at 3.25% in 2018 before the bank started to cut as the pandemic lockdowns took hold and the first cut was in May 2019.
INFLATION, RINGGIT, GROWTH
Malaysian inflation was at 2.8% in May, towards the upper levels of the central bank’s 2 to 3% target range, although food inflation is travelling at around 4%. BNM has forecast inflation at between 2.2% and 3.2% this year, but market forecasts are higher.
The weakening ringgit is also a concern, with the unit down over 6% against the USD in the last year as regional currencies have declined as the US Fed has increased rates.
The outlook for growth remains positive, however, with BNM maintaining a growth forecast of between 5.3% and 6.3% for the year as the economy continues to recover from the pandemic lockdowns.
BNM's decision will be announced on Wednesday afternoon in the Asian time zone.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.