Malaysia Set to Hold Rate as Energy Crisis Yet to Lift Inflation

Malaysia’s central bank will likely keep its benchmark interest rate unchanged as inflation remains benign despite higher global oil prices due to the Iran war.

Bank Negara Malaysia is expected to hold its overnight policy rate steady at 2.75% on Thursday, according to all 25 economists surveyed by Bloomberg. The central bank last adjusted borrowing costs in July, with a 25-basis-point cut, after keeping them unchanged for two years.