HSBC: Bank Negara Malaysia could raise overnight policy rate by another 75 basis points by June this year.
Headline inflation may have peaked, but core inflation can remain sticky which will likely keep BNM on tightening path for "a while longer."
1. A small Buddhist temple in Thailand has been left without monks, after they all tested positive for methamphetamine.
According to AFP, four monks, including an abbot, have been sent to a health clinic to undergo drug rehabilitation.
UPDATE: Bursa Malaysia is now up more than 58 points, or over 4%, the strongest gain in a single day since March 2020.
Ringgit is today's best performing currency in Asia and up nearly 2% while government bonds are higher across the curve.