Malaysia holds key rate at record low 1.75%

• Nov 03, 2020

Malaysia’s central bank held its benchmark interest rate at a record low Tuesday, while warning of downside risks that threaten the economy’s recovery.

Bank Negara Malaysia held its overnight policy rate at 1.75% at its final scheduled meeting of the year, as expected by 17 of 22 economists surveyed by Bloomberg. The rest forecast a 25-basis point cut.

Source: https://www.bangkokpost.com/business/2013279/malaysia-holds-key-rate-at-record-low-1-75-