Bank Negara Malaysia Keeps 3.25% Benchmark Interest Rate
January 21, 2016
Malaysia’s central bank interest rate was cut five times between March 2010 and July 2014 to its current level of 3.25%, which was retained at the latest meeting of the monetary policy committee. Officials assert that their policy stance is appropriately accommodative and will support growth, which has been only moderate. Inflation is expected to be higher in 2016 due to “recent adjustments in administrative prices and the weaker ringgit exchange rate” but believe it will settle back after the current calendar quarter. There is not a strong hint of when policy might be next changed or in which direction it would then move.
Copyright 2016, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Bank Negara Malaysia
ShareThis
