Malaysia holds policy after sanguine economic forecasts
Central bank says trade uncertainties remain but have abated somewhat
Bank Negara Malaysia (BNM) has held its policy rate and said demand would continue to support growth into next year as inflation remained stable.
The bank’s monetary policy committee today (September 4) left its overnight rate at 2.75%. The BNM said that forecasts pointed to economic growth globally in the remainder of the year, alongside reduced uncertainty as some trade negotiations had concluded.
The Malaysian economy was on track to grow by between 4% and 4.8% this year, the bank said, and
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