60603
Malaysia CB Likely to Hold Key Rate
Malaysia CB Likely to Hold Key Rate

Malaysia CB Likely to Hold Key Rate

Malaysia CB Likely to Hold Key Rate

Malaysia’s central bank is expected to hold its benchmark rate on Thursday, as the economy has improved after struggling due to poor global oil and commodity prices for more than a year, Malaymail online reported. Southeast Asia’s third-largest economy saw stronger growth over the past two quarters on an uptick in exports, though recovery has been offset by continued weakness in the ringgit currency. Nine out of 10 economists polled by Reuters forecast Bank Negara Malaysia will keep its overnight rate at 3% on Thursday. Kenanga Investment Bank said economic indicators in recent months provide little reason for the central bank to follow up on its 25 basis point cut in July, and that the present rate is “accommodative” for growth. After slowing for five straight quarters, annual growth rose to 4.3% in July-September and 4.5% in 2016’s final quarter. Full-year 2016 growth came in at 4.2%, the slowest since the economy contracted in 2009.

 

Short URL : https://goo.gl/mlBXJS
  1. https://goo.gl/EBEyTg
  • https://goo.gl/KT690E
  • https://goo.gl/iVlf9O
  • https://goo.gl/Sarh40
  • https://goo.gl/02lE1T

You can also read ...

The World Bank forecasts Russia's economy will grow by 1.7% this year and next, and by 1.8% in 2019.
The economy in Europe and Central Asia will grow 2.2% in 2017...
Participants pose for a family photo during the opening ceremony of D8 Organization for Economic Cooperation Summit in Istanbul on Oct. 20.
Turkey's Foreign Minister Mevlut Cavusoglu on Thursday said...
Digital Changes to Better Shape Asean Economy
Member states of Asean must be ready to embrace technological...
US Unfreezes Sudan Bank A/Cs
The United States has unfrozen bank accounts in Sudan after...
Despite intensifying property curbs and higher mortgage rates, Chinese banks issued $664.70 billion of property loans in the first nine months of this year.
China's central bank governor has warned the country's...
40% Italian Youth Remain Jobless
Italy's budding economic recovery is leaving at least one key...
Italy Q3 Growth at 0.5%
Italy’s economic growth improved slightly in the third quarter...
GM Closure Ends Australia’s Car Manufacturing Industry
Australia’s near 100-year automotive industry ended on Friday...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus