The Bank of Russia unexpectedly maintained its key interest rate at a record-high 21% , defying analysts’ expectations of another significant hike as inflation remains stubbornly elevated. The decision marks a shift toward a more measured approach in balancing economic growth and price stability. Key Details Inflation Concerns: Annual inflation climbed to 8.9% in November, well above the central bank’s 4% target , with inflation expectations reaching 13.9% in December. Policy Rationale: The central bank cited the significant tightening of monetary conditions after October’s 200-basis point hike as sufficient to resume disinflationary processes. Governor Elvira Nabiullina emphasized avoiding both economic overheating and severe slowdowns. Economic Overheating: Elevated government spending on the war in Ukraine and social programs, coupled with labor shortages and rising wages, have fueled strong domestic demand, exacerbating price pressures...
The Malaysian stock market ended in the red on Friday, Dec 20, 2024, with major indices closing lower.
Key Index Performance
- FBM KLCI: 1591.410 (-0.54%)
- FBM 70: 18377.470 (-0.31%)
- FBM SCAP: 17503.590 (-0.06%)
- FBM Emas: 12222.940 (-0.44%)
FBM KLCI Movers
- Top Gainer:
- PPB (4065.MY): +2.19% to close at RM12.140.
- Top Loser:
- PETDAG (5681.MY): -4.23% to end at RM19.020.
FBM 70 Movers
- Top Gainer:
- HEXTECH (5136.MY): +6.54% to close at RM1.140.
- Top Loser:
- TOPGLOV (7113.MY): -5.71% to close at RM1.320.
Malaysia REITs Movers
- Top Gainer:
- IGBREIT (5227.MY): +3.81% to close at RM2.180.
- Top Loser:
- AXREIT (5106.MY): -1.14% to close at RM1.730.
Most Actively Traded Stock
- YTL (4677.MY):
- Gained 1.18% to close at RM2.580.
- Recorded a turnover of RM323.26 million.
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