Malaysia holds but hints at future tightening
BNM no longer referring to its monetary policy stance as ‘appropriate’
Bank Negara Malaysia (BNM) has held rates, but signalled a more hawkish tilt in its monetary policy statement.
The central bank announced today (September 3) that it would be maintaining the overnight policy rate at 2.75%, the level at which it has remained since last July. The decision had been widely expected, with 20 of the 22 economists surveyed by Bloomberg having predicted a hold.
However, in its statement, the bank no longer described its monetary policy stance as “appropriate” – a word it
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