Malaysia Zinssatz

The central bank of Malaysia maintained its key interest rate unchanged at 3% for the eight consecutive meeting in September 2024, matching market expectations, amid increasing optimism over the country's growth, inflation, and currency outlook. Policymakers noted that the monetary policy stance remains supportive of the economy and is consistent with the current assessment of inflation and growth prospects. The central bank anticipated economic growth to come in at the upper end of its 4-5% projection for 2024. Latest indicators pointed towards sustained strength in economic activity, driven by resilient domestic expenditure and higher export activity. For the year as a whole, average headline and core inflation are expected to remain within the earlier projected ranges and are unlikely to exceed 3%. However, the inflation outlook remained subject to the implementation of domestic policy measures, amid government plans to pursue reforms after the removal of some diesel subsidies