Economics

Malaysia Keeps Key Rate on Hold Amid Lockdown, Political Turmoil

BNM sees ‘significant downside risks’ from virus restrictions
Rate hold expected by 19 of 21 analysts surveyed by Bloomberg

A monorail train travels through central Kuala Lumpur, Malaysia.
Photographer: Ian Teh/Bloomberg

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By Anisah Shukry

July 8, 2021 at 7:04 AM UTC

Updated on

July 8, 2021 at 8:01 AM UTC

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Malaysia held its benchmark interest rate at a record low Thursday, maintaining support for the economy amid mounting political instability and a prolonged virus lockdown.