Malaysian central bank holds rates


FE Team | Published: November 13, 2011 00:00:00 | Updated: February 01, 2018 00:00:00


KUALA LUMPUR, Nov 12 (Reuters): Malaysia's central bank kept its key interest rate unchanged at 3.00 per cent at its last monetary policy meeting for 2011 Friday, but warned of risks to growth as some analysts predicted a possible easing next year. Bank Negara joins Bank of Korea in keeping rates on hold, whereas central banks in Indonesia and Brazil have already switched policy to boosting growth from fighting inflation as the global slowdown threatens exports. "The global economic outlook is expected to be weaker and international financial market conditions will remain highly uncertain and volatile going forward," Bank Negara said in a statement.

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