Tuesday, April 24, 2007

Malaysia Central Bank May Keep Benchmark Rate Unchanged for Eighth Meeting

(Bloomberg) -- Malaysia's central bank will probably keep its benchmark interest rate unchanged for an eighth straight meeting, refraining from a cut in borrowing costs until it's sure inflation will remain low.

Bank Negara Malaysia will leave its overnight policy rate at 3.5 percent, according to all 20 economists in a Bloomberg News survey. The central bank's decision is due to be announced on April 27 at 6 p.m. in Kuala Lumpur.


Read more at Bloomberg Emerging Markets News

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