Malaysia's central bank holds key rate at 2.75%, as expected

Malaysia’s central bank held its benchmark interest rate steady at its final policy review of the year on Thursday (Nov 6), as expected by economists, amid subdued inflation and steady economic growth.

Bank Negara Malaysia kept its overnight policy rate at 2.75 per cent, as had been expected by all 27 economists surveyed in a Reuters poll.

In July, the central bank had cut rates for the first time in five years as trade uncertainties clouded growth prospects. REUTERS