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Top related persons:
Mohd Afzanizam Abdul Rashid - 2 BNM - 2 Jacqueline Wong - 2 Danial Azhar - 1 Rozanna - 1 Abdul Rasheed Ghaffour - 1 El Nino - 1 Abdul Rasheed - 1
Top related locs:
KUALA LUMPUR Bank Muamalat Malaysia Bank Malaysia Bank Negara Malaysia
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Bank Muamalat - 2 Thomson - 2 Bank Negara Malaysia - 1 China - 1 Bank Negara - 1 Oxford Economics - 1 U.S - 1

Search resuls for: "Mohd Afzanizam Abdul Rashid"


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☆ Malaysia c.bank keeps rates on hold as inflation, growth cool
  + stars: | 2023-09-07 | by ( Rozanna Latiff Danial Azhar | Rozanna Latiff | Danial Azhar | ) www.reuters.com   time to read: +2 min
Bank Negara Malaysia (BNM) maintained its overnight policy rate (OPR) (MYINTR=ECI) at 3.00%, in line with market expectations, and following an unexpected rate hike in May. "At the current OPR level, the monetary policy stance remains supportive of the economy and is consistent with the current assessment of the inflation and growth prospects," the central bank said in a statement. All 27 economists polled by Reuters had expected Bank Negara Malaysia (BNM) to maintain the benchmark rate, with most forecasting no change till the end of the year. BNM said growth prospects in Malaysia could be affected by the risks of weaker-than-expected external demand. The central bank estimates headline inflation to average between 2.8% to 3.8% in 2023, compared with 3.3% last year.
Persons: Mohd Afzanizam Abdul Rashid, BNM, Danial Azhar, Rozanna, Jacqueline Wong Organizations: Bank Negara Malaysia, Bank Muamalat, Reuters, Thomson Locations: KUALA LUMPUR, Bank Muamalat Malaysia, Bank, Malaysia
☆ Malaysia posts weakest GDP growth in nearly 2 years as exports slump
  + stars: | 2023-08-18 | by ( Mei Mei Chu A. Ananthalakshmi | Mei Mei Chu | A. Ananthalakshmi | ) www.reuters.com   time to read: +4 min
Second-quarter annual growth came in at 2.9%, central bank data showed. The economy is facing downside risks stemming from weaker-than-expected global growth, and a deeper or longer-than-expected technology downcycle," Governor Abdul Rasheed Ghaffour told a news conference. While he does not expect a worldwide recession, the governor said global growth will be below the long-term average. Malaysian consumers are also likely to be cautious in their spending going forward, leading to slower economic growth in the second half, he said. On Friday, the central bank said while cost pressures have eased, headline and core inflation will moderate further in the second half partly due to a higher comparative base last year.
Persons: Abdul Rasheed Ghaffour, El Nino, Abdul Rasheed, Mohd Afzanizam Abdul Rashid, Mohd Afzanizam, Alex Holmes, Holmes, BNM, Mei Mei Chu, Martin Petty, Jacqueline Wong Organizations: China, Reuters, Bank Negara, Bank Muamalat, Oxford Economics, U.S, Thomson Locations: KUALA LUMPUR, Bank, Bank Negara Malaysia, Malaysia, Bank Muamalat Malaysia
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