Tag: Interest rate
Bank Negara raises OPR by 25bps to 2.5%, as expected
Bank Negara Malaysia's Monetary Policy Committee raised the overnight policy rate by 25 basis points to 2.5%, in line with economists' expectations. This is the third consecutive rate hike this year, bringing the total increase to 75 basis points as the country's economic growth and inflation gain momentum.
Asian stock markets mixed ahead of latest US jobs reading
Asian stock markets show mixed performance as investors await crucial US employment data. Shanghai and Seoul advanced, while Tokyo and Hong Kong retreated. The August jobs report may influence Federal Reserve's strategy on interest rates and inflation management.[100 words]
UK inflation hits a 30-year high of 6.2% as Sunak readies response.
British inflation surged to 6.2% in February, the highest since 1992, with household energy bills rising almost 25% and food prices increasing across the board. The Office for National Statistics reports the unexpected spike, putting pressure on Finance Minister Rishi Sunak to address the economic squeeze.
