Emerging Asia Economics

Emerging Asia Economics Update

24 January, 2019

Rates on hold in Malaysia, but cuts are likely this year

Bank Negara Malaysia (BNM) today left interest rates unchanged, but the slightly more dovish statement supports our view that rate cuts will creep onto its agenda later this year. Whereas the consensus is expecting interest rates in Malaysia to be left on hold this year, we expect a rate cut by the third quarter.

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