KONTAN.CO.ID - KUALA LUMPUR. Malaysia's central bank kept its benchmark interest rate unchanged on Thursday, in line with market expectations, against a background of a weakening ringgit currency and steady inflation outlook. All 30 economists polled by Reuters had expected Bank Negara Malaysia (BNM) to keep its overnight policy rate at 3.00%. A majority think the policy rate will be held steady until at least 2026. BNM said the latest indicators point towards higher economic activity for the first quarter of 2024, driven by resilient domestic expenditure and a positive turnaround in exports.
Malaysia Central Bank Maintains Policy Rate at 3%
KONTAN.CO.ID - KUALA LUMPUR. Malaysia's central bank kept its benchmark interest rate unchanged on Thursday, in line with market expectations, against a background of a weakening ringgit currency and steady inflation outlook. All 30 economists polled by Reuters had expected Bank Negara Malaysia (BNM) to keep its overnight policy rate at 3.00%. A majority think the policy rate will be held steady until at least 2026. BNM said the latest indicators point towards higher economic activity for the first quarter of 2024, driven by resilient domestic expenditure and a positive turnaround in exports.