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Malaysia's central bank holds key rate at 2.75%, as expected  

Malaysia's central bank holds key rate at 2.75%, as expected  

A general view of the Central Bank of Malaysia (Bank Negara Malaysia) at Kuala Lumpur, Malaysia May 12, 2023. REUTERS/Hasnoor Hussain

KUALA LUMPUR :Malaysia's central bank held its benchmark interest rate steady at its final policy review of the year on Thursday, as expected by economists, amid subdued inflation and steady economic growth.

Bank Negara Malaysia kept its overnight policy rate at 2.75 per cent, as had been expected by all 27 economists surveyed in a Reuters poll.

In July, the central bank had cut rates for the first time in five years as trade uncertainties clouded growth prospects.  

Source: Reuters
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