Malaysia| BNM unexpectedly cuts rates to pre-empt global risks

Malaysia
BNM unexpectedly cuts rates to pre-empt global risks
Bank Negara Malaysia (BNM) unexpectedly cut rates 25bp, lowering the Overnight Policy Rate to 3.00%. We and consensus expected BNM to leave rates unchanged (only 1 of 18 economists surveyed expected a rate cut). This was the…

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Malaysia
BNM unexpectedly cuts rates to pre-empt global risks
Bank Negara Malaysia (BNM) unexpectedly cut rates 25bp, lowering the Overnight Policy Rate to 3.00%. We and consensus expected BNM to leave rates unchanged (only 1 of 18 economists surveyed expected a rate cut). This was the…

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