Malaysia cuts rates as inflation and PMIs slide

bank-negara-malaysia

Malaysia’s central bank lowered its key interest rate by 25 basis points to 3% on May 7, the first cut in nearly three years, as the country’s economy struggles amid internal and external demand slowdowns.

Economists had been expecting the rate cut as Malaysia’s inflation and manufacturing numbers remain low, and some say there will be one more cut this year to take the rate to 2.75%.

The central bank last cut its policy rate to 3% in July 2016, and raised to 3.25% in January 2018.

Weak

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: