Malaysia to maintain low rates despite oil price

Bank Negara Malaysia may keep interest rates low, even though global oil prices continue to remain high, national news agency Bernama reported, quoting the central bank's governor Zeti Akhtar Aziz.

"We will monitor the situation very closely. We have to see the impact from the high oil prices which include rising cost and factors that will mitigate it ... that is moderating growth in some of our major trading partners," she said.

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