Bank Negara Malaysia raises policy rate by 25bp

bank-negara-malaysia

Malaysia’s central bank has increased its benchmark interest rate for the second consecutive meeting, as the economy shows signs of recovery amid rising inflation.

Bank Negara Malaysia lifted its overnight policy rate by 25 basis points to 2.25% today (July 6). In May, BNM raised the policy rate by 25bp, after maintaining it at 1.75% since July 2020.

The last time BNM increased the key interest rate in consecutive meetings was in 2010.

Announcing its decision, BNM said the local economy had

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