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MNI STATE OF PLAY: Another 25bps Hike Likely In Malaysia

MNI (Sydney)
SYDNEY (MNI)

A hike would be the first time Bank Negara Malaysia raised rates at consecutive meetings.

Malaysia’s central bank meets this week and is expected to continue with the tightening cycle it commenced at its last meeting in May.

Bank Negara Malaysia surprised the market in May with a 25 basis point hike in the Overnight Policy Rate, taking it to 2%, and is likely to continue with another similar rise this week as the bank looks to pre-emptively bring inflation under control. Any increase would be the first time BNM has hiked rates at consecutive meetings, (See: MNI STATE OF PLAY: Malaysia Moves Early With Rate Hike).

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Malaysia’s central bank meets this week and is expected to continue with the tightening cycle it commenced at its last meeting in May.

Bank Negara Malaysia surprised the market in May with a 25 basis point hike in the Overnight Policy Rate, taking it to 2%, and is likely to continue with another similar rise this week as the bank looks to pre-emptively bring inflation under control. Any increase would be the first time BNM has hiked rates at consecutive meetings, (See: MNI STATE OF PLAY: Malaysia Moves Early With Rate Hike).

Keep reading...Show less