- Bank Negara Malaysia held its overnight policy rate at 2.75%, in line with 20 of 22 economists surveyed by Bloomberg; two had expected a hike.
- The central bank removed the reference to an “appropriate” policy stance, a hawkish signal that raises the prospect of higher borrowing costs.
Quotes
“Malaysia’s central bank extended its interest rate pause but tweaked its monetary policy statement to remove a reference to its stance as being “appropriate,” in a possible signal that borrowing costs could rise.”