Overnight Malaysian Interest Rate Left at 3.0%

March 7, 2013

Officials at Bank Negara Malaysia, the country’s central bank, implemented four 25-basis point interest rate hikes between March 2010 and May 2011 but have not changed policy subsequently.  Today’s the the eleventh consecutive policy meeting in which the key interest rate was left at 3.0%.  A statement on the Central Bank of Malaysia’s website reaffirmed the appropriateness of the current policy stance in light of the likelihood of continuing modest inflation and promises to keep monitoring domestic growth and price trends as well as “global economic and financial developments and their implications on the overall outlook for inflation and growth of the Malaysian economy.”

Copyright 2013, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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