Traders expect OPR to be kept at 3%


The anticipated rate-hold by Bank Negara was strengthened after the recent releases of weak Malaysian data, comprising the July consumer price index (CPI) and 2Q23 GDP.

GLOBAL bond market movement was generally mixed in the week. Longer maturity global bonds, encompassing tenors of 10-year and longer, posted gains.

Bond yields, which move in the opposite direction of bond prices, fell on these longer maturities, aided by releases of global inflation data which were in line with expectations, as well as weaker-than-expected US second quarter gross domestic product (GDP) (2Q23), and lower-than-expected US job openings.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

   

Next In Business News

Decarbonising cement: Are we ready?
After a homeowner passes
A stinky nuisance: When septic tanks burst
Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Building a firm facade
Portfolio positioning under Trump era
EQ expands to Thailand
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Sapura Energy ‘in a good place now’

Others Also Read