Malaysia holds key interest rate steady despite COVID lockdown

Some economists expected a cut to ease economic pressure as infections surge

20210120 malaysia soldier

A soldier wearing a face mask enforces coronavirus restrictions in Kuala Lumpur on Jan. 13. © Reuters

P PREM KUMAR, Nikkei staff writer

KUALA LUMPUR -- Malaysia's central bank kept its key interest rate unchanged on Wednesday, defying the expectations of some economists who had predicted an effort to ease pressure from soaring COVID-19 infections and a renewed lockdown.

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