Malaysia holds key rate at record low 1.75%

Malaysia holds key rate at record low 1.75%

Malaysia’s central bank held its benchmark interest rate at a record low Tuesday, while warning of downside risks that threaten the economy’s recovery.

Bank Negara Malaysia held its overnight policy rate at 1.75% at its final scheduled meeting of the year, as expected by 17 of 22 economists surveyed by Bloomberg. The rest forecast a 25-basis point cut.

Do you like the content of this article?
COMMENT

Organic law probe could doom Pita

The Election Commission's decision to investigate Move Forward Party leader Pita Limjaroenrat may lead to many senators voting against his bid for the prime minister post.

07:00

Rodri strike gives Man City victory in Champions League final

ISTANBUL - Manchester City tasted Champions League glory at last on Saturday as a second-half Rodri strike gave the favourites a 1-0 victory over Inter Milan in a tense final, allowing Pep Guardiola's side to complete a remarkable treble.

06:45

Highway 12 to economic heaven

The completion of Highway 12 will provide immense business opportunities as the emerging economic driver in the region.

06:18