Bank Negara likely to keep benchmark rate unchanged today

Doing well: Eleven of 12 economists polled by Reuters forecast no change to the rate as Malaysia’s exports and domestic consumption remained resilient despite worries about the global economy.

KUALA LUMPUR: Bank Negara is expected to keep its benchmark rate unchanged today, as the country’s economy is seen to be coping with global market volatility in the wake of Britain’s June Brexit vote.

Less than two weeks after the vote, Bank Negara made its first rate cut in seven years, slashing the overnight policy rate by 25 basis points to 3.00%.