Central bank leaves key rate unchanged, expects private spending to hold up

Central bank leaves key rate unchanged, expects private spending to hold up

Malaysiakini - News·2019-11-06 05:05

Malaysia's central bank kept its key policy rate steady at 3.00 percent today, saying it expects the private sector spending to remain resilient, offsetting pressure from weaker exports.

Malaysia's latest economic indicators remain in line with expectations despite a continued slowdown in global demand, suggesting a "moderate expansion" in the third quarter, Bank Negara Malaysia said in a statement.

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Economy

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