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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

Published Wed, Nov 23, 2016 · 09:50 PM
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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.

Malaysia has been hard hit by capital outflows from emerging markets as investors expect US interest rates to rise faster under a Trump administration that is expected to opt for an expansiona…

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