Skip to main content
Quarter-point reduction to 2.75% is BNM’s first cut in five years
Bank Negara Malaysia
Malaysia’s central bank has cut its policy rate after more than a year of holding, in what it said was a “pre-emptive measure” to ensure continued growth.
Bank Negara Malaysia (BNM) announced today (July 9) that it was reducing the rate by 25 basis points to 2.75%. It said the domestic economy was strong and that headline and core inflation were moderate, averaging 1.4% and 1.9% respectively during the first five months of the year.
“The latest indicators point towards continued expansion in
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
Most read articles loading…
Back to Top
#Malaysia #cuts #policy #rate #year #holding