Central Bank of Malaysia Keeps 3.25% Monetary Policy Interest Rate
September 18, 2014
In a process toward policy rate normalization, five central bank rate hikes were engineered very gradually in March, May and July 2010, May 2011 and, most recently, July of this year. This week’s meeting, however, ended in a decision not to change the current stance and the release of a statement that calls the stance “supportive of growth” and predicted that inflation is “expected to remain relatively stable for the remainder of the year. Going into next year, inflation is projected to edge higher and is expected to be above its long-term average due to domestic cost factors.” Policy in the future will be data driven and “dependent on how new information will affect the assessment on the balance of risks.”
Copyright 2014, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Bank Negara Malaysia
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