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Nikkei Markets

Bank Negara Malaysia holds interest rate steady as expected

Economists flag room for rate cut in November if US-China trade war worsens

Bank Negara Malaysia's monetary policy committee held the Overnight Policy Rate at 3.00% at the fifth of the six scheduled meetings this year.   © Reuters

KUALA LUMPUR (Nikkei Markets) -- Malaysia's central bank Thursday kept the benchmark policy interest rate unchanged as expected citing resilient private spending amid broad-based expansion in key economic sectors.

Bank Negara Malaysia's monetary policy committee held the Overnight Policy Rate at 3.00% at the fifth of the six scheduled meetings this year, the central bank said in a statement. The decision was predicted by most economists surveyed by Nikkei Markets.

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