Economics
Malaysia Expected to Hold Rates as Bets for Cutting Grow
- Majority of economists forecast rate to stay at 3% on Thursday
- Rising external risks could push central bankers to cut soon
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Malaysia’s central bank is likely to keep interest rates unchanged Thursday, although pressure is building for more easing as U.S.-China trade risks continue to rage.
Of the 24 economists in a Bloomberg survey, 16 are forecasting the benchmark interest rate will stay at 3%, while eight project a 25 basis-point cut. Swap markets are showing increasing expectations of rate cuts too.