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Malaysia Central Bank Holds Rate At 2.75%

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us

Malaysia's central bank left its benchmark rate unchanged on Thursday after easing the policy in July.

The Monetary Policy Committee of Bank Negara Malaysia decided to hold the Overnight Policy Rate at 2.75 percent.

The bank had reduced the rate by a quarter-point in July, which was the first reduction in five years.

"At the current OPR level, the MPC considers the monetary policy stance to be appropriate and supportive of the economy amid price stability," the bank said.

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