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KL's rate-hike outlook makes ringgit best carry-trade bet

Economists see BNM boosting rates to 3.5% by year-end
Wednesday, August 6, 2014 - 06:00

[SINGAPORE] The odds that Malaysia's central bank will increase borrowing costs at least once more this year are providing Asia's best carry-trade returns in the ringgit. Trades in which investors borrow in a country with low interest rates and park funds elsewhere seeking higher yields climbed