Tag: Bursa Malaysia

The central bank of Malaysia, Bank Negara Malaysia surprised markets by raising its key overnight policy rate by 25 basis points to 3% in the May meeting of 2023 on Wednesday. Bank Negara had kept rates unchanged at its two previous meetings this year, as it sought to assess the impact of four consecutive hikes totaling 100 basis points in 2022. said the stance of monetary policy remained accommodative and supportive of economic growth. Policymakers said, “With the domestic growth prospects … Continue reading “Bank Negara Malaysia Surprises by Raising Interest Rates 25 bps to 3%”

The central bank of Malaysia, Bank Negara Malaysia surprised markets by leaving its key overnight policy rate steady at 2.75% in the March meeting of 2023 on Thursday as expected. Bank Negara said the stance of monetary policy remained accommodative and supportive of economic growth. Policymakers said further normalization to the degree of monetary policy accommodation would be informed by the evolving conditions and their implications to the domestic inflation and growth outlook. Malaysia’s economy has recovered strongly from a pandemic-induced … Continue reading “Bank Negara Malaysia Leaves Interest Rates Unchanged in Wait-and-See Approach”

The central bank of Malaysia, Bank Negara Malaysia surprised markets by leaving its key overnight policy rate steady at 2.75% in the first meeting of 2023 on Thursday. Markets had forecast a 25bps increase. Bank Negara said it wants to assess the impact of the previous four rate hikes. Policymakers noted that the current policy stance remains accommodative and supportive of economic growth and further normalization would depend on the evolving conditions and their implications to the domestic inflation and growth … Continue reading “Bank Negara Malaysia Leaves Interest Rates Unchanged to Assess Previous Hikes Impact”