Malaysia: BNM expected to keep rates unchanged – UOB

Economist at UOB Group Lee Sue Ann suggests the Bank Negara Malaysia (BNM) could pause its tightening cycle at this week’s event.

Key Quotes

“Given a moderation in global commodity prices and softer domestic growth momentum amid lingering macro headwinds, we expect BNM to extend its interest rate hike pause at the next monetary policy meeting on 8-9 Mar.”

“That said, we think BNM will resume its policy rate hike by 25bps in May and maintain rates at 3.00% for the rest of the year.”