Malaysia's central bank will likely hold its benchmark interest rate steady...
KUALA LUMPUR - Malaysia’s central bank will likely hold its benchmark interest rate steady at a policy review on Tuesday, to assess the effects of a rate cut in May and give itself room for more easing if economic growth falters later this year, a Reuters poll found.
In May, Malaysia’s central bank became the first in Southeast Asia to cut interest rates this year as it moved to bolster its economy on concerns about slowing global growth and the impact from the Sino-U.S. trade war. Annual inflation in May remained unchanged at 0.2% for the third month in a row. Inflation has been mild since an unpopular consumption tax was scrapped in June 2018, while transport costs have declined after the government put a cap on domestic fuel prices.
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