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.

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