Malaysia’s central bank kept policy rates unchanged, citing trade tensions and weakness in commodity-related sectors, it announced today (July 9).
The Bank Negara Malaysia’s monetary policy committee kept the overnight policy rate at 3%. It said its policy stance “remains accommodative and supportive of economic activity”.
The committee said it projects the Malaysian economy will continue to expand this year. Its baseline projection foresees a GDP growth of between 4.3% and 4.8% in 2019.