Bank Negara Malaysia: Again No Rate Change
May 9, 2013
Malaysia’s overnight policy interest rate has been at 3.0% since the last of four 25-basis point hikes in May 2011, which had followed similar moves in March, May and July of 2010. Today’s was the twelfth subsequent meeting to end with a vote to keep the status quo, which according to a released statement is still the “appropriate” stance. Soft global demand is being compensated with decent domestic demand, and inflation, which amounted to just 1.5% last quarter, is projected to remain “modest.”
Copyright 2013, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Bank Negara Malaysia
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