Bank Negara expected to stay the course despite Fed hikes, says Kenanga

KUALA LUMPUR: While the US Federal Reserve has taken a decisively hawkish turn in its monetary policy, there is a "low likelihood" Malaysia's own central bank will follow suit, says Kenanga Research.

This is despite a positive economic outlook due to the improving Covid-19 situation and ongoing vaccination efforts, as it said the threat of new coronavirus mutations and its impact on the global economy continue to keep central banks vigilant.