Malaysian Central Bank raises OPR to 3 pct

STORY: Malaysian Central Bank raises OPR to 3 pct DATELINE: May 4, 2023 LENGTH: 00:01:56 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of the Malaysian Central Bank 2. various of Malaysia's national flag and Kuala Lumpur city traffic 3. various of Kuala Lumpur street views STORYLINE: Malaysian Central Bank on Wednesday decided to increase the Overnight Policy Rate (OPR) by 25 basis points to three percent. The ceiling and floor rates of the corridor of the OPR are correspondingly increased to 3.25 percent and 2.75 percent, respectively, Bank Negara Malaysia (BNM) said in a statement. With the domestic growth prospects remaining resilient, the Monetary Policy Committee (MPC) of the BNM judged that it was time to further normalize the degree of monetary accommodation. With this decision, the MPC has withdrawn the monetary stimulus intended to address the COVID-19 crisis in promoting economic recovery. In light of the continued strength of the Malaysian economy, the MPC also re

Malaysia's economy grows 14.2 pct in Q3

STORY: Malaysia's economy grows 14.2 pct in Q3 DATELINE: Nov. 12, 2022 LENGTH: 00:04:04 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of the Malaysian central bank 2. various of Malaysia's national flag and views of Kuala Lumpur 3. various of street views of Bukit Bintang, Kuala Lumpur 4. various of customers shopping in a mall 5. various of Pulau Lang Tengah, Malaysia's Terengganu 6. various of tourists at Malaysia's Melaka 7. various of trucks on road and container vessels at yard 8. various of container vessels at Port Klang, Malaysia's Selangor STORYLINE: Malaysia's economy registered a stronger growth of 14.2 percent in the third quarter of 2022, underpinned by strong domestic demand, Malaysia's central bank, Bank Negara Malaysia (BNM), said on Friday. While there were base effects from the negative growth in the third quarter of 2021, growth was still driven by strong domestic demand, underpinned by improvements in the labor market and income conditions as well as ongoing policy supp

Malaysian ringgit movements continue to be market determined: central bank

STORY: Malaysian ringgit movements continue to be market determined: central bank DATELINE: Sept. 24, 2022 LENGTH: 00:01:33 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. Malaysia's national flag 2. various of aerial views of Kuala Lumpur 3. various of Bank Negara Malaysia (the Central Bank of Malaysia) 4. various of bank notes counting machines and interior of investment bank STORYLINE: The Malaysian Central Bank said on Friday that Malaysian ringgit movements will continue to be market determined. Bank Negara Malaysia (BNM) said in a statement that the bank continues to closely monitor and ensure orderly financial market conditions amidst external developments that have led to persistent strength in the U.S. dollar against almost all currencies, including the ringgit. The dollar has strengthened significantly due to aggressive monetary policy tightening in the United States, it added. It also said that tighter global financial conditions and higher volatility in the foreign exchange markets are