The Bank Negara Malaysia (BNM) is seen reducing its key interest rate in Q1 2021 in opinion of Senior Economist Julia Goh and Economist Loke Siew Ting at UOB Group. Key Quotes “Bank Negara Malaysia (BNM) expects headline inflation to average higher in 2021 mainly due to global oil prices. However, underlying inflation is expected to remain subdued amid continued spare capacity in the economy. As such, we think that BNM may consider easing interest rates further should the pandemic situation necessitate an extension of the tighter containment measures which lends to further downside risks to economic growth. The growth outlook remains clouded by uncertainties of the pandemic and potential challenges in roll-out of vaccines globally and domestically. Hence, we keep our view for a 25bps rate cut to a new low of 1.50% in 1Q21.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ECB’s Lane: ECB looks at wide range of measures to gauge state of financing conditions FX Street 1 year The Bank Negara Malaysia (BNM) is seen reducing its key interest rate in Q1 2021 in opinion of Senior Economist Julia Goh and Economist Loke Siew Ting at UOB Group. Key Quotes “Bank Negara Malaysia (BNM) expects headline inflation to average higher in 2021 mainly due to global oil prices. However, underlying inflation is expected to remain subdued amid continued spare capacity in the economy. As such, we think that BNM may consider easing interest rates further should the pandemic situation necessitate an extension of the tighter containment measures which lends to further downside risks to economic growth. The growth… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
