Bank Negara seen holding key rate on trade war concerns

The central bank said yesterday the reserves position was sufficient to finance 7.3 months of retained imports and it was 1.2 times total short-term external debt.

KUALA LUMPUR: Bank Negara is expected to keep its benchmark interest rate unchanged at a meeting tomorrow, as it keeps tabs on how far the United States and China will take their ongoing trade war.

All 11 economists polled by Reuters see the central bank holding its overnight policy rate at 3.25%.