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Malaysia Central Bank Hikes Rate Again By 25 Bps

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Malaysia's central bank raised its key interest rate by a quarter-point for the second straight meeting on Wednesday and signaled a gradual tightening going forward.

The Monetary Policy Committee of Bank Negara Malaysia decided to increase the benchmark Overnight Policy Rate by 25 basis points to 2.25 percent.

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