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Malaysia inflation may have peaked in June
by hlk Thu 14 Jul 2011, 13:12
Malaysia’s inflation rate may have peaked at 3.8 per cent in June driven by higher electricity and gas prices, the Malaysian Institute of Economic Research said in a report today.
This is likely to spur the central bank to raise interest rates another 25 basis points this year from the current overnight rate of 3 per cent, it said.
Benchmark rates may rise a further 25 basis points to 3.5 per cent next year, according to the report. -- Bloomberg
This is likely to spur the central bank to raise interest rates another 25 basis points this year from the current overnight rate of 3 per cent, it said.
Benchmark rates may rise a further 25 basis points to 3.5 per cent next year, according to the report. -- Bloomberg
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