Bank Negara Malaysia
May 10, 2018
Malaysia’s overnight policy rate was kept steady by the Monetary Policy Committee at 3.25%, its level since a 25-basis point rise in January, which had been the first change since a cut in July 2016 and the first increase since July 2014. According to a released statement, continuing expansion is projected in both exports and domestic demand, along with a moderate pace in core inflation. Because of strongly anchored fundamentals, financial markets have “remained resilient.” The statement doesn’t incorporate yesterday’s surprise Malaysian election result, but it does note that inflation could prove faster than assumed because of the risk of greater oil price pressure.
Copyright 2019, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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