KUALA LUMPUR :Malaysia's central bank on Thursday kept its benchmark interest rate unchanged for the second consecutive meeting, flagging concerns over an expected slowdown in global growth. Bank Negara Malaysia (BNM) kept its overnight policy rate at 2.75 per cent, as expected by economists polled by Reuters
KUALA LUMPUR :Malaysia's central bank on Thursday kept its benchmark interest rate unchanged for the second consecutive meeting, flagging concerns over an expected slowdown in global growth.
Malaysia's economy will remain driven by domestic demand, improvements in employment, infrastructure projects, and an uptick in tourist arrivals, BNM said. Inflation has been slowly moderating since hitting 4.7 per cent last August. The consumer price index rose 3.7 per cent from a year earlier in January, versus a 3.8 per cent pace in December.
The government expects economic growth of 4.5 per cent this year, down from a 22-year high of 8.7 per cent last year, but some analysts forecast it could be much lower.
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