Malaysian central bank holds rates

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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.

“Thi

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