Malaysia’s 3.25% Overnight Policy Rate Not Changed after Latest Review
September 5, 2018
A statement released by Malaysia’s Monetary Policy Committee projects that inflation, which was at 0.9% in July, will move higher but sees core CPI holding pretty stable. Officials foresee Malaysia’s economy continuing to expand steadily but flag a few near-term risks like “heightened trade tensions, prolonged weakness in the mining and agriculture sectors and some domestic policy uncertainty.” Bank Negara Malaysia’s Policy Rate was changed once earlier this year. A 25-basis point hike in January was its first increase since July 2014 and the first change of any sort since a quarter percentage point cut in July 2016.
Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Bank Negara Malaysia
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