Malaysia starts to feel effects of Fed rate hikes
Fed rate hike in June impacted Malaysia's financial markets, while Thailand has seen less of an effect
The interest rate hike in June by the Federal Reserve has led to reversals of non-resident investment in Malaysia, according to Bank Negara Malaysia (BNM).
In a monthly highlights document published on July 31, BNM says Malaysian financial markets, which had been showing “strong interest” in April, May and the first half of June, started to go into decline in the middle of June.
“This followed from the release of a hawkish statement by the US Fed, which signalled another rate increase and
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