Malaysia's new central bank governor leaves economists puzzled
The timing of his move to cut interest rates catches many off-guard
Kuala Lumpur
AFTER years of monetary policy stability and clear signalling on interest-rate moves, Malaysia's new central bank governor has left economists scratching their heads.
Governor Muhammad Ibra-him's move to cut interest rates this week in only his second policy meeting since taking office in May - surprising all but one of the 18 analysts surveyed by Bloomberg - marked a departure for Bank Negara Malaysia and the precedent set by his well-known predecessor, Zeti Akhtar Aziz.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’
US jobs growth slows in April; jobless rate up to 3.9%
Magnitude 6.0 quake strikes Philippines, aftershocks and damage expected