Malaysia’s central bank leaves key rate unchanged at 1.75pct

05-Mar-2021 Intellasia | Nasdaq | 6:52 AM Print This Post

Malaysia’s central bank kept its benchmark interest rate steady at a record low on Thursday on expectations a recently launched COVID-19 vaccination programme will help boost consumer and business sentiment, underpinning an economic recovery.

Bank Negara Malaysia (BNM) left its overnight policy rate MYINTR=ECI unchanged at 1.75%, as forecast by 11 out of 15 economists in a Reuters poll. The other four economists had predicted a rate cut.

https://www.nasdaq.com/articles/malaysias-central bank-leaves-key-rate-unchanged-at-1.75-2021-03-04

 

Category: Malaysia

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