FTSE Russell is considering downgrading Malaysia to a rating of 1 — the lowest — in the WGBI that would exclude the country from retaining its place in the index. ― Reuters pic
Among these are the ringgit’s chronic underperformance in the global currency market, the continued foreign investor sell-off of Malaysian equity, and weak commodity prices particularly for palm oil that is a key export. Bloomberg predicted that a third straight month of disinflation in March could prompt the central bank to review its overnight policy rate of 3.25 per cent on May 7.
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