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BNM holds policy and points to positive economic outlook

Malaysian central bank keeps rates at 2.75% and expects domestic growth momentum to continue

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Bank Negara Malaysia

Malaysia’s central bank kept its benchmark policy rate unchanged today (January 22) and provided a positive forecast for the country’s economy, notwithstanding some external risks.

Bank Negara Malaysia (BNM) said its monetary policy committee had decided to maintain its benchmark policy rate at 2.75%. A majority of economists (29 of 32) polled by Reuters ahead of the decision had correctly predicted that it would keep rates unchanged.

The committee expected the momentum observed in Malaysia in

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