Interest rates

Bank Negara Malaysia maintains its overnight policy rate at 2.75%, sees 2026 growth within forecast 4% to 5% range

Malaysia’s GDP grew 5.4% in the first quarter of this year, above expectations

Market reaction to the release of the minutes was muted

With oil prices now easing, policymakers expect some relief for households and businesses

Wagers on a stronger greenback swell to nearly US$40 billion as at Jun 30 – the highest amount in over a decade

Economy slows dramatically late 2025 following a government probe into public works spending

Traders now see a nearly 51% chance of a rate hike by September, down from 66% previously, says CME FedWatch tool  

Mann has long advocated being “activist” by responding quickly and aggressively if circumstances change

He says delaying rate hikes can heighten inflation expectations and push up long-term interest rates