Malaysia Raises Benchmark Interest Rate from 2% to 2.25%
Raised Twice Consecutively Following Impressions from the Previous May Meeting
[Asia Economy Reporter Geum Bo-ryeong] The Central Bank of Malaysia (BNM) has raised its benchmark interest rate.
According to Bloomberg and other sources on the 6th, the Central Bank of Malaysia held a monetary policy committee meeting on the day and raised the benchmark interest rate by 0.25 percentage points from the previous 2.00% to 2.25%.
The Central Bank of Malaysia also raised the benchmark interest rate at its previous meeting in May. The Central Bank of Malaysia had refrained from raising rates for some time to respond to the economic slowdown caused by the COVID-19 pandemic. It maintained the rate at 1.75% since July 2020 but raised it for the first time since January 2018 in May.
Hot Picks Today
Up to 600 Million Won for Semiconductors, 160 Million Won Bonus for Loss-Making Non-Memory… Samsung Electronics Labor and Management Reach Tentative Deal on Unprecedented Performance Compensation (Comprehensive)
- "Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- Hyundai Mobis, Key Supplier for Hyundai’s Atlas, Target Price Raised [Click eStock]
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
As inflation continues globally, fuel and food prices have recently risen sharply in Malaysia as well. In the case of food prices in Malaysia, they increased by 5.2% compared to last year as of May, marking the highest increase since 2011.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
