KUALA LUMPUR: The unexpected interest rate hikes by the Reserve Bank of Australia and the Bank of Canada has indicated that the monetary policy tightening may be far from over, said an analyst.
“On that note, the ringgit could move in a tight range at around RM4.60 against the US dollar as market participants will continue to digest the BOC’s move and how it might affect other central banks’ policy rate decisions,” he added.