Malaysia's central bank keeps key rate at 3%

Decision to stand pat comes as inflation stays under control and growth prospects gain strength

Copied: 20240308 A general view of the Central Bank of Malaysia

Bank Negara Malaysia, the country's central bank, cautions that the inflation outlook remains subject to the impact of government policies as well as global commodity prices and financial market developments. © Reuters

January 22, 2025 17:26 JST

KUALA LUMPUR (Reuters) -- Malaysia's central bank kept its benchmark interest rate unchanged at its first policy meeting for the year on Wednesday, as economic growth remains strong and inflation stays under control.

Bank Negara Malaysia maintained its overnight policy rate at 3.00%, where it has been since May 2023, in line with market expectations the central bank will stand pat on rates until at least the end of 2025.