Bank Negara Malaysia
January 28, 2015
The past five changes in Malaysia’s overnight policy interest rate have been hikes, each of 25 basis points, administered in March 2010, May 2010, July 2010, May 2011 and, most recently, July 2014. Officials at this week’s policy meeting agreed to keep the 3.25% rate level, calling the monetary stance both accommodative and appropriate. The interest rate was not reduced even though a released statement conceded that inflation is likely to be lower than expected previously. Domestic demand is powering economic recover. Consumption is expanding, and investment is resilient. A released statement today observes increased global financial market volatility as a result of various factors but proclaims that financial intermediation in Malaysia is working well still.
Copyright 2015, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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