Bank Negara Malaysia

November 5, 2015

Malaysia’s overnight central bank interest rate will remain at 3.25% following five 25-basis point tightenings spaced between May 2010 and July 2014.  A statement released after today’s policy meeting acknowledges that the stance is accommodative.  Growth next year is projected in a 4-5% range, but risks in the global economic and financial environment are considered “heightened.”  Officials project inflation peaking next quarter but moderating thereafter.  Officials also pledge “to ensure the orderly functioning of the money and foreign exchange markets.”  The ringgitt has softened.

Copyright 2015, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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