Malaysia central bank holds rates, likely no change next year

Latest indicators point to resilient domestic expenditure and higher exports

20241106 malaysia central bank

As widely expected, Bank Negara Malaysia has maintained its overnight policy rate at 3.00%, where it has been since May 2023. © Reuters

KUALA LUMPUR (Reuters) -- Malaysia's central bank kept its key policy rate unchanged on Wednesday, reflecting a positive economic growth outlook and steady inflation but issued a warning about potential currency volatility.

At its final policy meeting of the year, Bank Negara Malaysia (BNM) maintained its overnight policy rate at 3.00%, as widely expected and where it has been since May 2023.

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