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Malaysia keeps rates unchanged in November

by ChemOrbis Editorial Team -
  • 07/11/2014 (14:08)
The Central bank of Malaysia kept its key interest rates unchanged at its meeting on November 7, according to media reports. The bank held its overnight policy rate stable at 3.25%, in line with expectations, in order to support growth.

The bank stated that divergent trends in global economies have led them to keep rates unchanged at accommodative levels. The government expects the country’s gross domestic product (GDP) to grow by 6% both this year and next. Meanwhile, the country’s inflation slowed to 2.6% in September from 3.3% in August.
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