Malaysia’s Central Bank Stands Pat, as Expected

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Malaysia’s central bank kept its benchmark interest rate unchanged on Thursday, maintaining that its current monetary policy stance is in line with the country’s inflation and growth outlook.

Bank Negara Malaysia held its overnight policy rate at 3.00%, pausing for a second straight meeting after making its first hike of the year back in May. Thursday’s decision was expected by all eight economists polled by The Wall Street Journal.

“At…

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