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Malaysia insight news - Bank Negara to hike rates next quarter








Bank Negara to hike rates next quarter


But widening interest rate differentials with some regional players and the U.




Bank Negara to hike rates next quarter


The BNM now expects the Malaysian economy to grow between 5.

Inflation was estimated to average between 2.



The April 28-May 6 poll of 18 economists predicted Bank Negara Malaysia BNM to keep its overnight policy rate unchanged at 1..




Bank Negara to hike rates next quarter








Federal Reserve has prompted a handful of participants, 4 of 18 economists to predict a rate hike to come as early as this month.





That accommodative stance was in stark contrast to other major central banks and some of its Asian peers which are hiking interest rates at a much faster rate than earlier thought to rein in stubbornly high inflation.


Description: The BNM now expects the Malaysian economy to grow between 5.

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BENGALURU: Bank Negara will keep its interest rate steady this week to support a still-nascent economic recovery, a Reuters poll showed, but start tightening policy next quarter to avert rising inflationary pressures.
Federal Reserve has prompted a handful of participants, 4 of 18 economists to predict a rate hike to come as early as this month.
That accommodative stance was in stark contrast to other major central banks and some of its Asian peers which are hiking interest rates at a much faster rate than earlier thought to rein in stubbornly high inflation.

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