The Central Bank of Malaysia raised interest rates for the third straight meeting citing inflation risks. Photo: EPA-EFE/File
The Central Bank of Malaysia raised interest rates for the third straight meeting citing inflation risks. Photo: EPA-EFE/File
Malaysia

Malaysia’s central bank raises key rate for third straight meeting as inflation risk clouds outlook

  • 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 increase in November

The Central Bank of Malaysia raised interest rates for the third straight meeting citing inflation risks. Photo: EPA-EFE/File
The Central Bank of Malaysia raised interest rates for the third straight meeting citing inflation risks. Photo: EPA-EFE/File
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