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BofA expects Bank Negara Malaysia to hold rates steady this week

Published 03/03/2025, 11:28
BofA expects Bank Negara Malaysia to hold rates steady this week
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Bank of America (BofA) economists projected that Bank Negara Malaysia (BNM), the nation’s central bank, will maintain its monetary policy rate at 3.00% during the upcoming meeting scheduled for March 6.

The market has been anticipating a cumulative cut of 13 basis points over the next 12 months, but BofA’s economists Kai Wei Ang and Rahul Bajoria suggest that the rate will remain unchanged.

According to BofA, the policy statement’s tone is expected to mirror that of the previous statement made in January. The analysts believe that BNM will continue to maintain its current stance on monetary policy without any immediate changes.

Investors and market watchers are advised to look forward to the Annual Report, which is set to be released on March 24.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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