The Week Ahead - overnight policy rate takes centre stage

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BNM is expected to announce its monetary policy decision on Thursday and its international reserves as at April 30 on Friday.

According to a Bloomberg survey, all six economists polled expect Bank Negara to keep its policy rates unchanged at 1.75%.

The Statistics Department is expected to release industrial production index , manufacturing sales and rubber statistics for March 2021 on Thursday. UOB Global Economics and Markets Research also expects the cash rate to remain unchanged until 2024 but expects a full A$100bil extension of quantitative easing beyond the second round.

 

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