Malaysia: BNM expected to hold the policy rate this week – UOB

Lee Sue Ann, Economist at UOB Group, sees the Bank Negara Malaysia (BNM) keeping the policy rate unchanged at this week’s meeting.

Key Quotes

“The Malaysian government has begun to ease restrictions for business operations and social activities based on the progress of the national and states’ vaccination rates from time to time.”

“This augurs well for the country’s economic recovery into 4Q21. Hence we reiterate our call for a steady policy rate at 1.75% in the upcoming MPC meeting.”