Malaysia Joins Neighbors in Holding Key Rate as Inflation Eases

Malaysia’s central bank left interest rates unchanged for a 10th straight meeting, joining neighbors in keeping borrowing costs unchanged as economic growth and slowing inflation eased the need for stimulus.

Bank Negara Malaysia maintained the benchmark overnight policy rate at 3 percent, the central bank said in a statement in Kuala Lumpur today. The decision was predicted by all 22 economists surveyed by Bloomberg News.