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Malaysian central bank holds policy rate
BNM’s efforts to support the ringgit are paying off, deputy governor says
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Malaysia’s central bank kept its policy rate unchanged for the sixth consecutive meeting on May 9 amid low inflation, while saying its measures to support the ringgit were paying off.
Bank Negara Malaysia (BNM) held its overnight policy rate at 3%, unchanged since May 2023. Policy was “supportive of the economy”, and consistent with likely inflation and growth, BNM said in a statement.
Headline inflation was 1.7% year on year in the first quarter, while core inflation was 1.8%. BNM says it
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