Malaysia's c.bank leaves key rate at 3.00%, as expected

Credit: REUTERS/LIM HUEY TENG

Malaysia's central bank held its key interest rate on Thursday, as expected, saying it expects the economy to continue to be supported by resilient domestic economic activity.

KUALA LUMPUR, Sept 12 (Reuters) - Malaysia's central bank held its key interest rate on Thursday, as expected, saying it expects the economy to continue to be supported by resilient domestic economic activity.

Bank Negara Malaysia (BMN) said it was leaving the overnight policy rate MYINTR=ECI at 3.00%.

Nine out of 11 economists in a Reuters poll had expected BNM to keep the rate unchanged. The other two predicted a 25 bps cut.

In a bid to help growth, BNM cut its policy rate in May by 25 basis points. It was the central bank's first cut since 2016.

(Reporting by Joseph Sipalan; Editing by Richard Borsuk)

((Joseph.Sipalan@thomsonreuters.com; +60323338019; Reuters Messaging: joseph.sipalan.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More