38051
Malaysia Leaves Key Rate Unchanged
World Economy

Malaysia Leaves Key Rate Unchanged

Malaysia left interest rates unchanged as accelerating inflation reduced scope for a cut in borrowing costs at Governor Zeti Akhtar Aziz’s last scheduled policy-setting meeting. Bank Negara Malaysia kept the overnight policy rate at 3.25% for a 10th meeting, it said in a statement in Kuala Lumpur Wednesday. The decision was predicted by all 20 economists surveyed by Bloomberg News. The central bank also kept the statutory reserve ratio steady after a 50-basis-point cut at the January meeting. Malaysia’s growth is slowing as rising costs eat into disposable incomes and erode consumer confidence, and companies hold back on investments. Inflation in January accelerated to the fastest pace since 2014, while a slump in crude has curbed government revenues and prompted Prime Minister Najib Razak to trim the growth forecast for 2016. “It’s not a surprising stance given that inflation has stayed above the policy rate,” Wellian Wiranto, an economist in Singapore at Oversea-Chinese Banking Corp., said before the decision.

Short URL : http://goo.gl/IOvTLA
  1. http://goo.gl/uBrvMv
  • http://goo.gl/rQVm53
  • http://goo.gl/jhE3w7
  • http://goo.gl/TiRlR9
  • http://goo.gl/Y3bNF4

You can also read ...

The expected increase in the squeeze on living standards comes as the weak pound pushes up the cost of imported  fuel, food and raw materials.
All eyes will turn Tuesday to Britain’s consumer price index...
The eurozone economy has enjoyed a surprisingly strong 2017.
Exports of goods from the eurozone jumped in August,...
Increase in China Factory Price Inflation
China’s factory price inflation rose again in September,...
World Bank says another $500 billion in infrastructure spending is needed over the next five years.
Indonesia is on track to become a trillion-dollar economy and...
Russia FDI Almost Doubles
The volume of foreign direct investment has almost doubled in...
Japan Factory Output Up
Japan’s industrial production increased less than initially...
Bulgaria Risks Higher Inflation
Real wage growth in Bulgaria has been exceeding productivity...
Venezuela Needs $30b a Year to Rescue Economy
The International Monetary Fund calculates a potential rescue...

Trending

Googleplus