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Malaysia s c bank seen holding key rate amid spike in COVID-19 cases

Economists expect c.bank to keep rates at 1.75% Decision due at 0700 GMT on Thursday, May 6 KUALA LUMPUR, May 4 (Reuters) - Malaysia’s central bank is expected to leave its key interest rate at a record low on Thursday to help support the economy’s recovery as coronavirus cases rise, even as it has benefited from strong external demand. All 13 economists polled by Reuters saw Bank Negara Malaysia (BNM) keeping its overnight policy rate at a historic low of 1.75% on Thursday. The central bank had cut its benchmark rate by a total of 125 basis points last year. “We think BNM is more focused on the vaccination programme’s ability to secure the recovery in the medium term, especially given fears that further rate cuts could exacerbate financial stability risks,” Barclays said in a research note.

Malaysia makes AstraZeneca COVID-19 vaccine optional amid safety fears

Malaysia makes AstraZeneca COVID-19 vaccine optional amid safety fears Reuters 2 hrs ago By Rozanna Latiff and Joseph Sipalan KUALA LUMPUR, May 3 (Reuters) - Malaysia will begin a parallel COVID-19 innoculation programme this week for people who chose to receive the AstraZeneca vaccine, after it was removed from an ongoing rollout due to public fears over its safety, a minister said on Monday. Reports of possible links to very rare blood clots have dented confidence in the shot in Malaysia and elsewhere. AstraZeneca has pointed to regulator recommendations that the vaccine is safe and effective, though some countries have suspended its use due to rising unease or limited it to certain age groups.

Malaysia s March CPI rises 1 7% y/y, higher than forecast

By Reuters Staff reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=MYCPI%3DECI poll data KUALA LUMPUR, April 23 (Reuters) - Malaysia’s consumer price index (CPI) in March rose 1.7% from a year earlier, on higher prices for transportation, food and other goods and services, government data showed on Friday. The rise surpassed the 1.4% annual growth forecast by economists in a Reuters poll. Inflation grew for the first time in a year in February, when it was up 0.1% year-on-year. The index’s expansion in March was driven by higher prices for transport, food and non-alcoholic beverages and miscellaneous goods and services, the Statistics Department said in a statement.

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