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Bank Negara Malaysia Raises Rates, Alongside Expectations

BNM

Bank Negara Malaysia raises rates by 25bps to 2.75%, alongside expectations.

Statement highlights:

  • Malaysian economy strengthened further in Q3, driven by robust domestic demand
  • 2022 core inflation to average closer to the upper end of 2 - 3% range
  • MPC are not on a pre-set course, with decisions to be data driven
  • Any policy changes will be measured and gradual

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