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Bank Negara stays on hold, may review monetary accommodation

It strikes a more bullish note on the economy saying growth "has become more entrenched"

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Published Thu, Nov 9, 2017 · 09:50 PM

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Kuala Lumpur

MALAYSIA'S central bank left its benchmark rate unchanged on Thursday, but raised the possibility it may review monetary accommodation to adapt to improving economic conditions in the country and globally.

Bank Negara Malaysia (BNM) kept its overnight policy rate (OPR) at 3.00 per cent, as widely expected, saying in a statement that it "remains accommodative".

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