Malaysia’s central bank hikes key rate for third straight meeting as inflation risk clouds outlook
South China Morning Post - Asia·2022-09-08 17:04
Bank Negara Malaysia (BNM) raised its overnight policy rate by 25 basis points to 2.50 per cent
BNM raised rates at its two previous meetings from a historic low of 1.75 per cent. Economists polled by Reuters expect a fourth hike in November
Malaysia’s central bank lifted its benchmark interest rate for the third straight meeting on Thursday, as it looks to rein in inflation amid robust economic growth.
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