Emerging Asia Economics

Emerging Asia Economics Update

23 November, 2016

Malaysia’s policy rate to stay on hold throughout 2017

Today’s decision by Malaysia’s central bank (BNM) to keep interest rates on hold at 3.0% suggests that it is more worried about supporting the weak currency than boosting the sluggish economy. Looking ahead, fears of further currency weakness are likely to deter the central bank from loosening policy, and we expect rates to be left on hold for the whole of 2017.

 

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