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Malaysia Keeps Key Rate at Record Low Amid Political Turmoil

Malaysia Keeps Key Rate at Record Low Amid Political Turmoil
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Malaysian shares fall 1% and ringgit eases on renewed political turmoil

Article content would be immediately unseated as the parliament is currently not in session and Malaysia has been under lockdown since June amid a fresh surge in coronavirus cases. The situation is becoming “increasingly precarious” and another political vacuum, as was created by the sudden resignation of Mahathir Mohamad last year, would lead to more drawn out negotiations, Mizuho analysts wrote. “Without a resolution to the political turmoil, COVID-19 could continue to cast its long shadow on the Malaysia’s economic recovery,” Mizuho said. day against this backdrop, but is largely expected to leave interest rates untouched and instead provide liquidity measures

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