Be it for BREXIT, or improve economy activities or reduce borrowing cost. It is a good sign but only pressure to RM a little which I think already factored in today’s rate.
MREITS immediately reacted because FD rate drop signalling a better channel for fix income. Besides, reducing borrowing cost and improve EPS.
The only negative effect will be on importers and banks. However, lowering rates may improve loan grow also beneficiary to banks.
No matter what is the agenda and Malaysia deadly need a cut at the right time.