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MNI STATE OF PLAY: Malaysian CB Hikes As Economy Strengthens

SYDNEY (MNI)

A positive growth outlook underlies the rate views of Malaysia's central bank.

Malaysia’s central bank has cited the need to normalise monetary policy settings on Wednesday in a decision to hike official interest rates by 25 basis points.

Bank Negara Malaysia increased its Overnight Policy Rate by 25bps, the second rise in as many meetings, and says the local economy is strengthening with higher levels of employment and the April re-opening of international borders driving demand, (See: MNI STATE OF PLAY: Another 25bps Hike Likely In Malaysia).

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Malaysia’s central bank has cited the need to normalise monetary policy settings on Wednesday in a decision to hike official interest rates by 25 basis points.

Bank Negara Malaysia increased its Overnight Policy Rate by 25bps, the second rise in as many meetings, and says the local economy is strengthening with higher levels of employment and the April re-opening of international borders driving demand, (See: MNI STATE OF PLAY: Another 25bps Hike Likely In Malaysia).

Keep reading...Show less