Malaysia CB Standing Pat
Malaysia CB Standing Pat

Malaysia CB Standing Pat

Malaysia CB Standing Pat

Malaysia’s central bank is seen keeping its benchmark rate steady on Friday, taking comfort from a stabilizing economy and ringgit currency even as headline inflation hit an eight-year high in March, Reuters reported. Improving demand for crude oil and commodities has sparked much needed momentum in Southeast Asia’s third-largest economy, while measures to clamp down on offshore trade of the ringgit has helped stabilize the currency after a sharp slide against the dollar in early January. All 10 economists polled by Reuters forecast that Bank Negara Malaysia will hold its overnight rate steady at 3%.

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