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Quotes from Capital Economics:
- The Malaysian central bank (BNM) hiked its policy rate for the first time in three years on Thursday, from 3.00% to 3.25% against a backdrop of strong growth and rising financial stability risks.
- Recent economic data have been strong, which suggests the economy is healthy enough to withstand a tightening in monetary policy.
- Looking ahead, we see scope for another 25bp rise in rates before the end of the year.
