KONTAN.CO.ID - KUALA LUMPUR. Malaysia's central bank left its key benchmark interest rate unchanged on Wednesday, bucking expectations it would provide further monetary support to an economy facing fresh lockdowns amid surging coronavirus cases. Bank Negara Malaysia (BNM) kept its overnight policy rate at a record low of 1.75%, saying it considered its current monetary stance "appropriate and accommodative". Five out of 15 economists in a Reuters poll had expected the move, but a majority had forecast a rate cut.
Malaysia's central bank holds key rate steady at record low
KONTAN.CO.ID - KUALA LUMPUR. Malaysia's central bank left its key benchmark interest rate unchanged on Wednesday, bucking expectations it would provide further monetary support to an economy facing fresh lockdowns amid surging coronavirus cases. Bank Negara Malaysia (BNM) kept its overnight policy rate at a record low of 1.75%, saying it considered its current monetary stance "appropriate and accommodative". Five out of 15 economists in a Reuters poll had expected the move, but a majority had forecast a rate cut.