Ringgit advances against US$ after OPR maintained at 3%

Quick Summary:

KUALA LUMPUR: The ringgit opened higher against the US dollar and other major currencies, buoyed by Bank Negara Malaysia's (BNM) Monetary Policy Committee’s (MPC) announcement on the Overnight Policy Rate (OPR).

On that note, he foresees that BNM is likely to keep the OPR steady throughout 2025 and it is expected to improve the value of the ringgit.

At the opening, the ringgit traded higher against major currencies.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesiaJapanSingapore

Topics: MPC Opening BNM Mohd Afzanizam Abdul Rashid Ringgit Forex /Business/Business News OPR

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-23 @ 09:27:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 466 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 25353175

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