BNM’s hawkish tilt supports Malaysian ringgit, Commerzbank says

Bank Negara Malaysia kept the overnight policy rate at 2.75% at its latest meeting, according to Commerzbank. The central bank shifted to a more hawkish bias by removing language that described policy as \"appropriate\" and signalling vigilance on costs.

The change in tone marks a less accommodative communication stance even as the policy rate remains unchanged. Commerzbank highlights that this hawkish tilt is supportive for the Malaysian ringgit, while the central bank stays watchful on cost pressures.