=MARKET BUZZ: ING Changes Malaysia Rate Call To 25 BPs Cut In May
KUALA LUMPUR (Mar 14) -- ING revises its view of Bank Negara Malaysia monetary policy from one of no change this year to one 25 bps rate cut as early as May after January consumer price data showed inflation at -0.7% on year. “There are no forceful arguments for policy easing just yet, but a pre-emptive move to support growth won’t hurt when there is room for such a policy now,” Prakash Sakpal, economist, Asia, says. “Being ahead of the curve should allow sufficient time for the impact of monetary easing to trickle down to the real economy, thus preparing the economy to ride the slowdown trend,” he adds. BNM had kept rates unchanged earlier this month; next decision due on May 7.
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