KUALA LUMPUR: Malaysia's central bank is expected to leave its key interest rate steady on Thursday, according to a Reuters poll, as a slowdown in new coronavirus infections and a recently launched vaccination drive boost confidence in the economic recovery.
Eleven out of 15 economists saw Bank Negara Malaysia (BNM) keeping its overnight policy rate at a record low of 1.75%, a Reuters poll showed on Tuesday, with four forecasting a 25 basis point cut. BNM cut rates by a total of 125 basis points in 2020.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!