10.07.201415:02:00UTC+00Scope for another 25bp Hike by Malaysian Central Bank Before the End of the Year

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.

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