Malaysian Central Bank Interest Rate Cut – Currency Thoughts

Malaysian Central Bank Interest Rate Cut

May 5, 2020

Bangko Negara Malaysia cut its overnight policy rate by 50 basis points to 2.0%. Including 25-basis point reductions in January and March, that brings the total decline thus far in 2020 to a full percentage point. These cuts have been complemented by other monetary and financial measures according to a released statement. It notes that “widespread containment measures globally, international border closures and the consequent weak external demand environment will exert a larger drag on domestic economic activity,” and muted inflationary pressure is projected as well.

Copyright 2020, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

Tags: Bangko Negara Malaysia

This entry was posted on Tuesday, May 5th, 2020 at 7:47 am and is filed under Central Bank Watch. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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