“Markets are looking for steady hands on interest rate policy entering a period of heightened uncertainties on geopolitical tensions and global trades, and BNM delivered just that,” said Maybank Securities head of fixed income research Winson Phoon, adding that the key rate will likely be kept at 3% throughout 2025.
Malaysia kept its benchmark interest rate unchanged on Thursday, citing robust domestic growth while cautioning of risks from the brewing global trade war.
Bank Negara Malaysia left the overnight policy rate at 3% in its second meeting this year, as predicted by all 23 analysts in a Bloomberg News survey. The last time the central bank adjusted rates was in May 2023, with a 25-basis point hike.
