Allbet Gaming

Telegram分享群组:Room for OPR hike on price pressures

Allbet登录网址 2022年08月04日 社会 8 0

Telegram分享群组www.tel8.vip)是一个Telegram群组分享平台。Telegram分享群组包括Telegram分享群组、Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组(其他)、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram分享群组为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

Hong Leong Investment Bank Research: “Inflationary pressures also continue to mount domestically, following higher food prices. “Hence, we maintain our expectation for Bank Negara to raise the OPR by another 25 bps in September."

PETALING JAYA: Higher inflationary pressures and geopolitical risks are expected to warrant at least another 25 basis points (bps) hike in Malaysia’s key benchmark interest rate for this year.

The overnight policy rate (OPR), which determines the cost of borrowings, has been raised twice this year by 25 bps to 2.25% currently.

The move to hike the OPR by Bank Negara was as a result of the aggressive rate hikes by the US Federal Reserve (Fed) to tame higher inflation in the world’s biggest economy.

At the present level, the OPR is still below the 3% seen prior to the Covid-19 pandemic.

Most economists expect the central bank to maintain its hawkish tone and raise the OPR by at least 25 bps this year.

Hong Leong Investment Bank (HLIB) Research said while the optics for domestic growth remain bright, the ongoing geopolitical conflicts and elevated commodity prices continue to cloud the global outlook.

“Inflationary pressures also continue to mount domestically, following higher food prices.

“Hence, we maintain our expectation for Bank Negara to raise the OPR by another 25 bps in September.

“This will bring the OPR to 2.5% by end-2022,” it noted.

,

新闻电报群www.tel8.vip)是一个Telegram群组分享平台。新闻电报群包括新闻电报群、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组(其他)、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。新闻电报群为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。

,

Meanwhile, monetary indicators were mixed in June as narrow money supply (M1) grew 10.8% year-on-year (y-o-y) (9.5% y-o-y in May), while broad money supply (M3) eased to 6.6% y-o-y (6.9% y-o-y in May).

Reserve money expanded 12.4% y-o-y (12% y-o-y in May).

Total leading loan indicators strengthened, following higher loan applications (41.7% y-o-y as compared to 5.2% y-o-y in May), approvals (53% y-o-y compared to 22.9% y-o-y in May) and di *** ursements (31.7% y-o-y compared to 14% y-o-y in May).

Deposits accelerated to 6.6% y-o-y (6.1% y-o-y in May).

They were driven by stronger foreign (5.2% y-o-y compared to 3.8% y-o-y in May) and business deposits (15.1% y-o-y compared to 12.4% y-o-y in May), offsetting the moderation in household deposits (3.8% y-o-y compared to 4.7% y-o-y in May).

The household loan-deposit gap widened as monthly household loans expanded further (0.6%; May: 0.3%), while deposits continued to fall (0.4%; May: 1.7% decline).

On a y-o-y basis, household loans gained momentum (5.9% y-o-y compared to 5% y-o-y in May), while household deposits slowed (3.8% y-o-y compared to 4.7% y-o-y in May).

Foreigners turned net sellers of local bonds in June (RM4.1bil; May: a rise of RM0.5bil), induced by fears of a more aggressive monetary policy tightening by the Fed, as well as concerns over a potential global economic slowdown.


转载说明:本文转载自Sunbet。 Allbet Gaming声明:该文看法仅代表作者自己,与本平台无关。转载请注明:Telegram分享群组:Room for OPR hike on price pressures
发布评论

分享到:

Telegram斗地主机器人:Insight - As one Evergrande falls, another rises in the Saudi desert
你是第一个吃螃蟹的人
发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。