Published: 2009/05/26
MALAYSIA'S central bank kept its key rate unchanged at 2 per cent today in line with expectations, saying that earlier rate cuts and credit measures were sufficient to support domestic demand. “The current assessment is that the accumulated monetary policy initiatives and measures to enhance access to financing are sufficient to provide support to domestic demand,” Bank Negara Malaysia said in a statement.
Analysts expected the central bank to maintain the overnight policy rate according to a Reuters poll taken last week. The bank kept interest rates on hold at the last meeting in April but it had previously slashed rates by a total of 150 basis points over the course of three meetings to bolster the economy as exports slumped. - Reuters
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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