Bank Negara Malaysia
November 7, 2013
The overnight Malaysian policy interest rate has been 3.0% since a 25-basis point hike in May 2011 that culminated four such increases implemented in March 2010, May 2010, July 2010 and the aforementioned most recent tightening. A statement from the Monetary Policy Committee at BNM projects higher inflation than the 1.8% on-year average in the first nine months of 2013 but also opines that “the inflation outlook is expected to be tempered by a stable external price environment, moderate domestic demand pressures, expansion in domestic capacity and improvements in food production and distribution.” The statement contains no hint about the timing of the next interest rate change.
Copyright 2013, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: BNM, Malaysian monetary policy
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