At its 11 November monetary policy meeting, the Central Bank decided to maintain the Overnight Policy Rate unchanged at 3.00%, a decision that was widely expected by market analysts. Interest rates have thus remained unchanged since May, when the Bank raised rates by 25 basis points. At the current 3.00%, the policy rate is at its highest level since December 2008. In the accompanying statement, monetary authorities stressed that global growth momentum has moderated in recent months hence greater weakness in the external environment is expected to affect regional growth prospects. On the domestic front the Bank highlighted that domestic demand will continue to be the anchor of growth, supported by private consumption and investment and reinforced by public sector spending. Meanwhile, inflationary pressures are expected to remain stable for the rest of the year and moderate in 2012.
Malaysia Monetary Policy
Central Bank leaves rates unchanged due to global growth concerns
November 11, 2011
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Malaysia Economic News
October 12, 2016
Industrial production increased 4.9% in August from the same month last year.
October 7, 2016
Exports in USD terms rose 3.3% annually in August, which was a sharp improvement over July’s 8.9% contraction (previously reported: -8.7% year-on-year).
September 23, 2016
In August, consumer prices rose 0.43% over the previous month, which was slightly up from the 0.26% increase registered in July, according to the Department of Statistics Malaysia.
September 16, 2016
The ringgit has had a tumultuous week as a combination of factors, both domestic and external, have impacted the currency.
September 10, 2016
Industrial production increased 4.1% in July over the same month last year.