Malaysia's central bank maintained its benchmark rate in a surprise move at this year's first policy meeting on Thursday, as policymakers assessed that the current rate remains accommodative and supportive of economic growth amid the resilient domestic demand.
The Monetary Policy Committee of Bank Negara Malaysia decided to keep the Overnight Policy Rate unchanged at 2.75 percent. Meanwhile, economists had expected the bank to hike the rate by a quarter basis points to 3.00 percent.
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