BNM stresses the need to recalibrate monetary policy
KUALA LUMPUR: Bank Negara Malaysia yesterday stressed the importance of recalibrating the monetary policy to avoid the need to be aggressive in raising interest rates, said governor Tan Sri Nor Shamsiah Mohd Yunus yesterday. However, she said the pace would be measured and gradual, after the central bank raised the Overnight Policy Rate (OPR) by […]
Fitch affirms Malaysia’s sovereign rating at BBB+, outlook stable
KUALA LUMPUR: Fitch Ratings has affirmed Malaysia’s long-term foreign currency issuer default rating (IDR) at “BBB+” with a stable outlook. In a note released today, Fitch said Malaysia’s economy is gradually recovering from a contraction of 5.6 percent in 2020 caused by the Covid-19 pandemic even though social distancing measures have been tightened over recent […]
