Commerzbank forecasts USD/MYR consolidation between 4.00 and 4.10, citing BNM's neutral policy stance and reliance on global risk sentiment and Fed expectations for near-term direction.
BNM held its OPR at 2.75% at its final 2026 meeting, in line with around 70% of analysts, keeping a mildly hawkish tone without signalling an imminent hike. Commerzbank still expects a 25bp hike to 3.00% in Q1 2027, which supports the ringgit, but sees no near-term driver beyond global risk sentiment, Fed expectations and oil prices. The pair should therefore consolidate between 4.00-4.10 rather than trend.
Commerzbank expects the pair to consolidate between 4.00 and 4.10, with direction driven mainly by global risk sentiment, the dollar, Fed expectations and oil prices.
No, BNM kept the Overnight Policy Rate at 2.75% at its final 2026 meeting, in line with about 70% of analysts surveyed by Bloomberg, but a 25bp hike to 3.00% is expected in Q1 2027.
Bank Negara Malaysia maintained its Overnight Policy Rate at 2.75% during its final 2026 meeting, opting for a cautious stance despite an upgraded growth outlook. Commerzbank analysts anticipate a 25 basis point hike in Q1 2027, but expect the USD/MYR pair to trade within a 4.00-4.10 range in the near term as global factors dictate market direction.
Commerzbank expects the pair to consolidate between 4.00 and 4.10, with direction driven mainly by global risk sentiment, the dollar, Fed expectations and oil prices.
No, BNM kept the Overnight Policy Rate at 2.75% at its final 2026 meeting, in line with about 70% of analysts surveyed by Bloomberg, but a 25bp hike to 3.00% is expected in Q1 2027.