Malaysia national bank to climb rates again in July and September
Bank Negara Malaysia unexpectedly raised its key overnight policy rate by 25 basis points to 2.00% at its May meeting. The central bank last raised rates twice in a row in mid-2010. BNM has said it intends to take a “measured and gradual” pace. Inflation rose to 2.8% in May from 2.3% in April. Malaysia’s … Read more