Reported about 1 month ago
Malaysia's central bank has maintained its benchmark interest rate at 3%, reflecting confidence in the country's economic growth and stable inflation. Despite global economic pressures, Bank Negara Malaysia expects exports to benefit from a tech upcycle and tourism spending to rise, supporting household expenditure. The central bank's cautious stance is informed by ongoing government measures to manage diesel price impacts and maintain financial stability, while the local currency, the ringgit, shows resilience, rebounding from its earlier lows.
Source: YAHOO