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Bank Negara keeps key rate at 3pc
by hlk Sat 10 Mar 2012, 16:08
Malaysia's central bank kept its key interest rate at 3 per cent today, saying that the global economy had improved and that inflation risks at home were lingering.
In a Reuters poll, 14 out of 16 economists had expected the bank to keep the rate unchanged as the 3 per cent level was seen to be a balance that supports growth while taking into account inflation risks.
The central bank has kept its monetary policy unchanged since last May, when it hiked the benchmark rate for the fourth time after starting a tightening cycle in 2010.
Many of its emerging market counterparts have been easing policy as their focus turns from fighting inflation to shoring up economic growth in the face of weak global demand. - Bernama
In a Reuters poll, 14 out of 16 economists had expected the bank to keep the rate unchanged as the 3 per cent level was seen to be a balance that supports growth while taking into account inflation risks.
The central bank has kept its monetary policy unchanged since last May, when it hiked the benchmark rate for the fourth time after starting a tightening cycle in 2010.
Many of its emerging market counterparts have been easing policy as their focus turns from fighting inflation to shoring up economic growth in the face of weak global demand. - Bernama
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