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Malaysia’s inflation rises, interest rates stable in Jan

by ChemOrbis Editorial Team - content@chemorbis.com
  • 24/02/2016 (14:15)
According to data from Malaysia’s Department of Statistics, the country’s consumer inflation rate climbed 3.5% on the year in January, marking the highest level seen since March 2014. Reuters analysts had expected a rise of 3.7%. The higher inflation rate was attributed to increased prices for some goods, including food and tobacco.

The Malaysian central bank targets an inflation rate of 2.5-3.5% for 2016 while expecting inflation to peak in the first quarter owing to lower energy and commodity prices.

Meanwhile, the Malaysian central bank kept its interest rates unchanged for another month, in line with expectations. The bank held its overnight policy rate at 3.25%.
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