News about rate

Bank Negara is scheduled to hold its sixth and final Monetary Policy Committee meeting for 2023 on Nov 1 and 2.

Going forward, Atrium said the management remains cautious due to the uncertainties surrounding the economic recovery as a result of the global economic slowdown, inflationary pressures and geopolitical risks.

BNM’s latest statement on Thursday guided that the current monetary policy stance remains supportive of the economy and is consistent with the current assessment of the inflation and growth prospects, while it remains vigilant to ongoing economic developments.

MIDF Research, however, thinks that the steady domestic demand and sticky core inflation that lingered above 3% — as opposed to the pre-pandemic average of 1.

“Core inflation eased to a lesser extent compared to headline inflation but the direction implies that inflationary pressures are easing.

The court also considered that there was no approval from the land owner for True Renaissance to continue with the project.

More than 50% of respondents are taking tangible steps towards ESG integration, either by establishing ESG plans or net-zero carbon targets.

Net income fell 13% to RM17.

According to Hong Leong Investment Bank (HLIB), banks, in particular Alliance Bank Malaysia Bhd and Bank Islam Malaysia Bhd (BIMB), are expected to benefit from the OPR hike as it would help alleviate some pressure off Net interest margins (NIM) in 2Q2023.

The rate hike, after two consecutive pauses in early 2023 at 2.