Malaysia’s central bank held its overnight policy rate at 3.25% on Thursday, keeping policy steady.
“For Malaysia, the latest indicators point to continued expansion of the economy in the second quarter, albeit at a more moderate pace,” Bank Negara’s monetary policy committee said in a statement.
The central bank’s decision was as expected by a Reuters poll of economists. Inflation remains benign and a recovery in export growth depends on overseas markets. A more pressing worry for the central bank, analysts say, is renewed pressure on the ringgit currency.
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“For Malaysia, the latest indicators point to continued expansion of the economy in the second quarter, albeit at a more moderate pace,” Bank Negara’s monetary policy committee said in a statement.
The central bank’s decision was as expected by a Reuters poll of economists. Inflation remains benign and a recovery in export growth depends on overseas markets. A more pressing worry for the central bank, analysts say, is renewed pressure on the ringgit currency.
Click Here To Register For Free Trial Services OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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