Central Banks
Malaysia Hikes Key Rate, Says Not on Pre-Set Tightening Path
- Key overnight policy rate raised by quarter-point to 2.5%
- Inflation seen peaking in 3Q and moderating thereafter
Bank Negara Malaysia hiked the overnight policy rate by 25 basis points to 2.50%
Photographer: Ian Teh/BloombergThis article is for subscribers only.
Malaysia’s central bank raised borrowing costs for the third time this year to fight price pressures, while signaling future tightening is not a given as it seeks to support growth and tame inflation.
Bank Negara Malaysia hiked the overnight policy rate by 25 basis points to 2.50% on Thursday, a move seen by all but one of the 19 economists in a Bloomberg survey.