Malaysian Monetary Policy Not Changed
May 11, 2012
Officials at the Bank of Malaysia decided not to change the overnight policy interest rate, which has been at 3.0% since a 25-basis point hike in May 2011. Three similarly-sized hikes were implemented from a base of 2.0% in March 2010, May 2010, and July 2010. A Monetary Policy Statement on Bank Malaysia Negara’s web site speaks of ongoing global financial and economic risks, supportive domestic demand, moderating inflation, but a need to watch out for potential upside price risks from “global supply disruptions” that have resulted in higher global prices for energy and commodities.
Copyright 2012, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
ShareThis
