· Markets raise bets on Fed Rate hike on the back of better-than-expected US data

Highlights of the week:-

·         Markets raise bets on Fed Rate hike on the back of better-than-expected US data ·         ECB keeps policy rates unchanged and maintained monthly QE purchases of  EUR80 billion ·         Kuroda rejects use of helicopter money to overcome deflation ·         Lower CPI in June raises probability of further monetary policy easing by BNM Local govvies slow on the back of weakening Ringgit and higher 5-year CDS rate