Tag: Interest rate

Bank Negara Malaysia's Monetary Policy Committee increased the overnight policy rate (OPR) by 25 basis points to 2.5% on September 8. This marks the third consecutive rate hike in 2022, bringing the year-to-date increase to 75 basis points. The move reflects improving economic conditions and inflation trends.

Asian stock markets show mixed performance ahead of crucial US employment data. Investors are closely watching August job figures that could influence Federal Reserve's monetary policy and interest rate strategy amid high inflation concerns. Shanghai and Seoul saw gains, while Tokyo and Hong Kong experienced declines.

British inflation surged to 6.2% in February, the highest since 1992, driven by soaring energy bills and petrol prices. The Office for National Statistics reports widespread food price increases, intensifying financial pressure on households and creating challenges for the government's economic strategy.