Malaysia Holds Rate as Prices Seen Moderating After Surge
- Consumer prices rose at fastest pace since 2008 in March
- Ringgit is Asia’s best performer this quarter against USD
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Malaysia left its benchmark interest rate unchanged as policy makers judged consumer price gains will moderate and as a stronger ringgit reduced the need to guard against capital outflows.
Bank Negara Malaysia kept its key rate at 3 percent, it said in a statement in Kuala Lumpur on Friday. The decision was predicted by all 22 economists in a Bloomberg survey.