Bank Negara Malaysia Keeps Credit Policy Stance on Hold
September 6, 2012
Almost a year and a half have passed since the final of four 25-basis point rate hikes in the spring of 2011. Monetary officials again decided to keep its 3.0% overnight policy rate level and released a statement that identified “considerable uncertainties in the global economic and financial conditions” and noted that “with some excess capacity in the economy, domestic demand is not expected to result in inflationary conditions.” Officials nonetheless promised to keep a watchful eye on commodity prices and implied they would react should upward pressure arise and impact overall inflation.
Copyright 2012, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Bank Negara Malaysia
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