Pantheon Macroeconomics

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6th Jul 2023 17:29Emerging Asia, Daily Monitor

  • The BNM held its overnight policy rate at 3.00% yesterday, as expected, after May’s surprise hike.
  • The risk of adding pressure on the already-weak MYR likely will keep the BNM from cutting this year.
  • Retail sales growth in Singapore slowed further in May, to 1.8% year-over-year, from 3.6% in April.

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Keywords for: 7 July 2023 Emerging Asia Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence