BNM’s hawkish pivot a defence against significant foreign outflows, more rate hikes in 2H2022
Posted Date: June 23, 2022 Foreign flows into the local bond market returned to positive territory in May amid foreign investors’ flight-to-safety demand and Bank Negara Malaysia’s (BNM) hawkish pivot. Nevertheless, the magnitude was only a meagre RM531 million, which did not completely offset the relative net foreign outflows of RM2.2 billion in April. Total …