KUALA LUMPUR -- Malaysia raised its key interest rate 25 basis points to 2.25%, its central bank announced on Wednesday, following the U.S. Federal Reserve's move to hike rates amid price spikes and economic recovery from the coronavirus.
Currencies
Malaysia raises key rate again to 2.25% amid COVID recovery
Central bank keeps rate hike at 25 basis points despite inflation
Malaysia's central bank governor told the media in May that the bank needed to start recalibrating interest rates. © EPA/Jiji
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