Malaysia holds rates as inflation moderates

As expected, Malaysia's central bank kept interest rates steady at 3.5% for the fifth meeting in a row on Friday. The central bank said lower oil and commodity prices, together with moderate domestic price and wage increases, were keeping inflation in check.

Annual inflation as measured by the consumer price index stood at a 15 month low of 3.1% in October, down from a seven-year high of 4.8% in March.

While the overnight rate remains is at its highest level since it was introduced in April 20

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