KUALA LUMPUR: The ringgit continue to strengthen against the US dollar this morning after closing 0.14 per cent higher at yesterday’s close, and all eyes are set on Bank Negara Malaysia’s Monetary Policy Committee’s decision on the overnight policy rate (OPR) later today.
At 8 am, the ringgit was 4.1865/1985 against the US dollar compared with Wednesday’s close of 4.1890/1925.
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the bank foresees the OPR to be maintained at 2.75 per cent in light of the resilient Malaysian economy, as reflected in the third quarter gross domestic product (GDP), which came in at 5.2 per cent.
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