Latest Breaking News On - Kit wei zheng - Page 1 : comparemela.com

Bank Negara Malaysia (BNM) will hold its key policy rate at 3.00% on Thursday, adopting the same no-change stance as most of its Asian peers amidst signs of moderating economic growth and cooling inflation, a Reuters poll of economists showed. Inflation in the Southeast Asian nation dropped to a two-year low of 2.0% in July and the central bank, which does not particularly target inflation in setting monetary policy, said it would cool further. That suggests BNM, having raised rates by a modest 125 basis points in the current cycle, has concluded its tightening but will keep rates higher for longer as the weak ringgit, down over 5% this year, may prevent inflation from falling quickly.

Wei zhengLavanya venkateswaranVeronica khongwirAnant chandakMilounee purohitAlison williamsBank negara malaysiaNegara malaysiaSoutheast asianKit wei zhengJonathan cableMonetary policyPolicy stance