KUALA LUMPUR, MALAYSIA – Media OutReach – 26 May 2023 – BNM’s decision to raise the interest rate was an attempt to stabilise the Malaysian ringgit. The OctaFX experts believe that along with the weak exchange rate, the widespread subsidisation of Malaysians increased pro-inflation risks, forcing the BNM to raise the rate.
OctaFX is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries who have opened more than 21 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.
In the APAC region, OctaFX managed to capture the ‘Best Forex Broker Malaysia 2022’ award and the ‘Best Global Broker Asia 2022’ from Global Banking and Finance Review and International Business Magazine, respectively.
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