Malaysian central bank delivers fourth straight 25bp hike
Inflation remains relatively subdued despite strong second quarter growth
Malaysia’s central bank delivered a fourth consecutive 25 basis point rate hike on November 3 to keep inflation in check.
Bank Negara Malaysia lifted its overnight policy rate to 2.75%, the highest since March 2020. BNM has raised the rate by a total of 100bp since May from its historic low of 1.75%.
The decision was made against the backdrop of continued positive growth prospects for the Malaysian economy, the central bank said in a statement. It added that adjustment would “pre-emptively
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