Bank Negara Malaysia
March 2, 2017
Malaysia’s central bank kept a 3.0% overnight policy rate and released a statement that projects continuing domestic demand-led growth of a bit over 4.0% and a modest rise in core CPI inflation. Total inflation will likely be more volatile than core because of uncertainties surrounding the international environment. Malaysia’s monetary policy interest rate was cut by 20 basis points in July 2014 and again in July 2016 to its present level. Previously, the interest rate rose 75 basis points in 2010 and 25 bps more in May 2011.
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