Bank Negara Malaysia Keeps 2.0% Key Interest Rate

May 26, 2009

Malaysia’s central retained a 2.0% overnight policy rate just as it did after the prior policy meeting on April 29th.  The rate previously was cut by 25 basis points in November, 75 bps in January and 50 bps in February.  A released statement projects that positive growth will resume in the second half of this year and concludes that, “the current assessment is that the accumulated monetary policy initiatives and measures to enhance access to financing are sufficient to provide support to domestic demand.”

Copyright 2009 Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.


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