SUBSCRIBERS
Ringgit firmer on Fed's pledge to be patient on rate hike
Published Wed, Feb 25, 2015 · 09:50 PM
Kuala Lumpur
MALAYSIA'S ringgit rose along with Asian stocks and bonds on Wednesday after the Federal Reserve signalled the first interest-rate increase since 2006 is more likely to come in the second half of the year.
The US central bank's pledge to be "patient" on beginning to raise the benchmark rate means an increase is unlikely for "at least the next couple…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Latest Singapore 6-month T-bill offering cut-off yield of 3.74% as applications dip
Morgan Stanley Asia private equity unit to reorganise as CEO retires
US seeks 36 months’ jail for Binance founder Zhao
Keppel’s Q1 revenue down 6.3% to S$1.5 billion; legacy O&M assets a drag on net profit
JPMorgan talking with investors about two synthetic risk transfers
HSBC says growing Chinese wealth fuels client investments in US