Central Bank of Malaysia: No Further Rate Change
November 6, 2014
Malaysia’s operating policy rate had been lifted from a base of 2.0% by 25 basis points each in March 2010, May 2010, July 2010, May 2011 and, most recently, July of this year. A statement from officials today defends the existing accommodative yet appropriate policy. It observes that “while the moderating trends [in exports and consumption] will affect the overall growth prospect, the Malaysian economy is still projected to remain on a steady growth path.” Although inflation is currently above target, “the absence of external price pressures and more moderate demand conditions are expected to mitigate the impact of these cost factors on the underlying inflation.” The risks of financial imbalances will be monitored in the future. There is no hint regarding how soon a sixth interest rate increase might be engineered.
Copyright 2014, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
WE RECOMMEND THE VIDEO: What is Forex?
Follow my Instagram @jackbanyard - I post live trade updates to my story and post all my trade mark ups to my feed EVERY SINGLE WEEK! Hey guys - welcome ...
This entry was posted on Thursday, November 6th, 2014 at 8:57 am and is filed under Central Bank Watch. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
Comments are closed.
Currency Thoughts has evolved from a blog to a full-functioning website. This new design provides easier access to your favorite features and new capabilities to accept ads. In the future, it will be possible to register to accept emailed updates.
Wednesday, December 2, 2020