Malaysia's central bank left its key interest rate unchanged for the a second policy meeting in a row in order to assess the impact of the past interest rate hikes on the economy.
The Monetary Policy Committee of Bank Negara Malaysia decided to keep the Overnight Policy Rate unchanged at 2.75 percent.
Policymakers said the current stance of monetary policy remains accommodative and supportive of economic growth. The MPC said it will continue to measure the impact of the past rate hikes on the economy. The bank has raised its benchmark rate by 100 basis points over the last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.