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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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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