The Central Bank of Malaysia decided to leave its key interest rate unchanged
On Thursday, the Central Bank of Malaysia decided to leave its key interest rate unchanged as expected by economists.
The monetary policy Committee Bank Negara Malaysia has maintained day-to-day key Deposit rate at 3.00%.
«Current levels of day-to-day rate on deposits monetary policy remains stimulative,» reads the statement of the Central Bank.
The regulator also noted that economic growth in Malaysia has become more stable. The Bank expects domestic demand remains a key source of economic growth.
Investments will be provided for infrastructure projects. In addition, external demand will create an additional impetus for economic development. Officials of the Central Bank confirmed a strong economic growth forecast for 2018.
The regulator expects that in 2017, inflation will reach the upper boundary of the projected range. In 2018, consumer price inflation will weaken amid expectations of lower global prices.
The meeting also approved the schedule of meetings of the monetary policy Committee for 2018. The Committee will hold 6 meetings during the year.