Malaysia kept its benchmark interest rate at a record low to support its nascent recovery, though warned the war in Ukraine has emerged as a “key” risk to global growth and trade.
Bank Negara Malaysia maintained the overnight policy rate at 1.75% on Thursday, a decision expected by all 22 economists in a Bloomberg survey. Borrowing costs have remained steady since July 2020, with analysts expecting monetary policy normalisation to start in the second half of the year.
Malaysia’s central bank said in a statement that the current stance of policy monetary is “appropriate and accommodative,”…
