Economists: BNM unlikely to follow US Fed rate cut, will monitor domestic and global conditions
KUALA LUMPUR (Sept 19): Bank Negara Malaysia (BNM) is unlikely to move in direct lockstep with the US Federal Reserve’s (Fed) aggressive move which slashed interest rates by a half-point during its Federal Open Market Committee (FOMC) meeting yesterday. The Fed decided to cut the Fed Funds Rate (FFR) by 50 basis points, bringing it to [...]
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