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Emerging Asia Economics Update

Emerging Asia Economics Update

Malaysia's policy tightening pause unlikely to last long

Bank Negara Malaysia (BNM) left the reference rate unchanged today at 2.75%, as expected. Our view is that the local economic upswing will comfortably survive the tough global conditions which are in prospect. Accordingly, we still expect that BNM policy rates will move up another 25bp at the next meeting in November to ensure that inflation stays contained.

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This article is tagged with the following subjects: Emerging Asia and Australasia, Macro-economics, Malaysia, Monetary policy
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