Bank Negara Malaysia Retains a 3.0% Interest Rate
March 6, 2014
A released statement from Malaysia central bank officials retained the 34-month-long overnight policy rate of 3.0% in spite of rising inflation. The statement cites volatile conditions in the international financial markets, an expectation of moderating domestic demand and subdued external price pressures for justifying the retention of the policy status quo as policy is oriented toward both promoting growth and maintaining price stability. Consumer prices rose 3.4% in the year to January. In 2010-11, four 25-basis point hikes were engineered in March 2010, May 2010, July 2010 and May 2011.
Copyright 2014, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Bank Negara Malaysia
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