BankNegara

Malaysia Maintains Key Interest Rate Amid Steady Economic Growth and Inflation

2 months ago

In a significant move reflecting the nation’s current economic landscape, Bank Negara Malaysia has decided to keep its key interest rate unchanged. This decision comes as the country experiences steady growth paired with persistent inflationary pressures. The central bank’s monetary policy committee reached this agreement during their latest meeting, reinforcing confidence in Malaysia's economic stability.

The Ringgit's Recent Weakness: Temporary Setback or Long-Term Decline? Malaysia's Central Bank Weighs In

2 months ago

The Malaysian central bank has recently addressed concerns regarding the persistent weakness of the ringgit, reassuring investors and the public that this trend is not expected to endure. During a press conference held on October 31, 2024, Bank Negara Malaysia (BNM) Governor Zeti Akhtar Aziz stated that the recent decline in the value of the Malaysian currency is predominantly influenced by external factors and is likely to be transient.

Malaysia's Economy Surprises with Robust Growth in Q3

2 months ago

Malaysia's economy showcased remarkable resilience in the third quarter of 2024, exceeding expectations and surprising analysts with a growth rate of 5.8%. This performance significantly surpassed the advance estimates of 4.8%, demonstrating the country's ability to rebound amid a challenging global economic environment.

Southeast Asia's Central Banks Jostle Amid Conflicting Rate Decisions

2 months ago

As the financial world closely watches Southeast Asia, central banks across the region are poised for crucial decisions regarding interest rates. As economic indicators show signs of volatility, the contrasting strategies of these institutions are becoming increasingly pronounced, leading to a tense atmosphere on decision day. This article explores the possible rate adjustments by major Southeast Asian economies and their implications for both domestic and global markets.