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PR Newswire
07-11-2013, 09:05 PM
So far so good for Malaysia...
Malaysia holds key rate as growth support trumps price pressures
KUALA LUMPUR – The Malaysian central bank on Thursday held its benchmark interest rate for a 15th straight meeting to support economic growth even as inflationary pressures rose after cuts to state fuel and sugar subsidies, Bloomberg News reported.
Bank Negara Malaysia maintained its overnight policy rate at 3 per cent, the central bank said in a statement in Kuala Lumpur. The outcome was predicted by all 20 economists surveyed by Bloomberg.
Prime Minister Najib Razak scrapped sugar subsidies last month after raising petrol prices in September as he focused on improving government finances to avert a credit rating downgrade. Inflation accelerated to a 20-month high in September, adding pressure on the central bank to curb price gains while supporting economic growth.
...
http://www.todayonline.com/business/mala...-pressures
Malaysia holds key rate as growth support trumps price pressures
KUALA LUMPUR – The Malaysian central bank on Thursday held its benchmark interest rate for a 15th straight meeting to support economic growth even as inflationary pressures rose after cuts to state fuel and sugar subsidies, Bloomberg News reported.
Bank Negara Malaysia maintained its overnight policy rate at 3 per cent, the central bank said in a statement in Kuala Lumpur. The outcome was predicted by all 20 economists surveyed by Bloomberg.
Prime Minister Najib Razak scrapped sugar subsidies last month after raising petrol prices in September as he focused on improving government finances to avert a credit rating downgrade. Inflation accelerated to a 20-month high in September, adding pressure on the central bank to curb price gains while supporting economic growth.
...
http://www.todayonline.com/business/mala...-pressures
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