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Posted Date: January 20, 2021 Bank Negara Malaysia (BNM) left the overnight policy rate (OPR) unchanged at a historical low of 1.75% during its first Monetary Policy Committee (MPC) meeting of 2021. This was a prudent pause, in our view, as the resurgence of COVID-19 cases has triggered another round of the movement control order …
Posted Date: January 8, 2021 Despite the rapid development and deployment of vaccines in recent weeks, COVID-19 will continue to force economies to balance a difficult trade-off between managing public health and driving economic growth. We anticipate that governments’ response to the resurgence of the virus will likely challenge earlier forecasts for a V-shaped recovery …
Posted Date: January 08, 2021 While 2020 had been a year of many challenges, we expect 2021 to shape out into one that is relatively less “unprecedented”. Growth risks in Malaysia should gradually fade with the general availability of the COVID-19 vaccine though recovery at the sectoral level will likely remain choppy. On the aggregate, …