By Anant Chandak BENGALURU (Reuters) - Bank Negara Malaysia (BNM) will hold its key policy rate at 3.00% on Thursday, adopting the same no-change ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBENGALURU - Bank Negara Malaysia will hold its key policy rate at 3.00% on Thursday, adopting the same no-change stance as most of its Asian peers amidst signs of moderating economic growth and cooling inflation, a Reuters poll of economists showed.
All 27 economists in the Aug. 29-Sept. 4 Reuters poll forecast the central bank would keep its benchmark overnight policy rate unchanged at 3.00% at its Sept. 7 meeting while medians showed it there through 2024. A strong majority, 24 of 25, forecast the central bank to hold rates at 3.00% until the end of this year. Only one expected a 25 basis point hike to 3.25% in November.
Among those who had a view on rates until the end of 2024, over 80% of economists, 15 of 18, forecast the central bank would hold rates. Of the remaining three, one said rates would peak at 3.25%, while two expected them to fall to 2.75%.
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