The domestic financial markets in June continued to experience non-resident outflows amid renewed trade war concerns and expectations of a faster pace of us monetary policy normalisation.
Bank Negara Malaysia (BNM), in a statement said the FTSE Bursa Malaysia KLCI (FBM KLCI) declined by 2.8 percent. and the ringgit depreciated by 0.5 percent against the US dollar.
It said the domestic bond market however, was supported by strong demand from domestic institutional investors.
Headline inflation meanwhile, declined to 0.8 per cent last month from 1.8 per cent in May due mainly to the reduction in prices of goods and services following the zero-risation of the Goods and Services Tax (GST) rate.
Financial Markets Face Continued Non-resident Outflows In June | |
| 6 views views | 2 followers |
| 0 Likes | 0 Dislikes |
| News & Politics | Upload TimePublished on 31 Jul 2018 |
No comments:
Post a Comment