Bank Negara Malaysia

March 9, 2012

A mixture of factors are keeping Malaysian monetary policy on hold.  Bank Negara Malaysia’s overnight policy interest rate has been at 3.0% since May 2011 following four 25-basis point increases administered that month and earlier in March, May and July of 2010.  A statement from Malaysia’s central bank notes

  • A better global economic and financial market environment but continuing external downside risks,
  • Decent Malaysian domestic demand that is likely to show continuing momentum,
  • Overall growth in 2012 will probably be slower than last year’s near-5% pace,
  • Commodity prices pose some upside price risks, but inflation overall should moderate. 

Consumer prices in Malaysia rose 2.7% between January 2011 and January 2012.

Malaysian policymakers next meet May 11.

Copyright 2012, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



One Response to “Bank Negara Malaysia”

  1. daniel tan says:

    i am not sure anybody understand why the RM still in lower value, even the USD had been depre ?
    the govt had been spending $$ like no tomorrow and look at the corruption how it handle its tax payers $$. GLCs had been eating up and still the govt is less passive in taking the corrupts to court ! look at the Sarawak MB ! look at the cow RM250M , look at the MAS, look at the banking sector during Mahatir time how it wasted its tax payers $$, the employee funds EPF, lots more. This bring shame to the RM , and reasons on its value ! If i will believe the BNM, it will = as believing the fools !