<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 10): AmBank Research expects the rinngit (MYR) to strengthen to 4.205 versus the US dollar (USD) for 2018’s full-year average with its end period at 3.950.</p></div>

<div class=newsTextDataWrapInner><p>In a note today, AmBank group chief economist Anthony Dass said that in line with his expectation, Bank Negara Malaysia (BNM) left the overnight policy rate unchanged at 3.00%.</p></div>

<div class=newsTextDataWrapInner><p>“More importantly, BNM cited the need to review the current accommodative policy on the back of the present growth momentum. We project the GDP at 5.7% for 2017.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The hawkish tone by BNM supports our view for a 25-50 basis point rate hike in 2018.</p></div>

<div class=newsTextDataWrapInner><p>“Hence our USD/MYR outlook for 2017 is 4.31–33 for the full-year average with our end period at 4.15–18 with intraday trade at 4.10-4.12.</p></div>

<div class=newsTextDataWrapInner><p>“We expect the USD/MYR to strengthen to 4.205 for 2018’s full-year average with our end period at 3.950,” he said.</p></div>


KUALA LUMPUR (Nov 10): AmBank Research expects the rinngit (MYR) to strengthen to 4.205 versus the US dollar (USD) for 2018’s full-year average with its end period at 3.950.

In a note today, AmBank group chief economist Anthony Dass said that in line with his expectation, Bank Negara Ma...

Ringgit to firm to 4.205 vs USD for 2018, average at 3.950, says Ambank Research 

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