Economics
Malaysia Holds Key Rate as Ringgit Drop Reduces Scope for Easing
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Malaysia left its key interest rate unchanged for a fourth straight meeting as a weakening currency reduces scope for the central bank to join global counterparts in monetary easing.
Bank Negara Malaysia kept the overnight policy rate at 3.25 percent, it said in a statement in Kuala Lumpur Thursday. The decision was predicted by all 19 economists surveyed by Bloomberg News.