Malaysia cuts policy rate after more than a year of holding
Quarter-point reduction to 2.75% is BNM’s first cut in five years
Malaysia’s central bank has cut its policy rate after more than a year of holding, in what it said was a “pre-emptive measure” to ensure continued growth.
Bank Negara Malaysia (BNM) announced today (July 9) that it was reducing the rate by 25 basis points to 2.75%. It said the domestic economy was strong and that headline and core inflation were moderate, averaging 1.4% and 1.9% respectively during the first five months of the year.
“The latest indicators point towards continued expansion in
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