Monday, 15 August 2016

StanChart shifts rates outlook to positive

Standard Chartered Global Research has shifted its interest rates outlook to ‘positive’ from ‘neutral’ on possible further cut in policy rate in the future.

In a research note today, Standard Chartered said, it expected Bank Negara to cut the policy rate in November.

The research firm said it has lowered its full-year growth forecast to 3.8% from 4%, given the slowdown for a third consecutive quarter.

“Bank Negara governor, (Datuk) Muhammad Ibrahim, in an interview with state-owned news agency, Bernama, on July 15, 2016, noted that the rate cut in July was pre-emptive and that he expected stronger growth in the second half.

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