Malaysia holds policy with an eye on conflict uncertainty
BNM also notes upside potential of tech, lower tariffs and pro-growth measures globally
Malaysia’s central bank held policy as expected today (March 5) while acknowledging the increased uncertainty caused by the conflict in the Middle East.
In a statement, Bank Negara Malaysia (BNM) said its monetary policy committee had decided to keep its benchmark rate at 2.75%, where it has remained since last July. The BNM said global growth this year would continue to be supported by sustained domestic demand, moderating inflation, tech investments, and supportive fiscal and monetary policies
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