Malaysia central bank to keep rates unchanged at least until 2026

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Malaysia central bank to keep rates unchanged at least until 2026
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BENGALURU - Bank Negara Malaysia will leave its key interest rate at 3.00% and keep it unchanged at least until 2026, despite a weakening currency and a steady inflation outlook, a Reuters poll of economists found.

"BNM is likely to assess its policy stance as remaining supportive of the economy... The Malaysian ringgit's volatility will continue to garner BNM's attention during its May decision," wrote Han Teng Chua, an economist at DBS Bank. Malaysia's GDP was expected to grow 4.3% this year and 4.6% in 2025 and inflation was forecast to average 2.6% this year and 2.5% next, a separate Reuters poll showed.

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