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Bank Negara holds policy rate steady

Malaysia's central bank sees periods of volatility in regional financial and foreign exchange markets due to global uncertainties

Kuala Lumpur

MALAYSIA'S central bank kept its policy rate at 3 per cent on Wednesday as expected, saying it foresaw more volatility in financial markets, with the ringgit losing 5 per cent against the dollar in the two weeks since Donald Trump's shock US election victory.


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