Bank Negara set to retain key interest rate

AmBank Research expects Bank Negara Malaysia

PETALING JAYA: Bank Negara is expected to maintain the benchmark interest rate at 3.00% at its Monetary Policy Committee (MPC) meeting today although there is mounting pressure for a further rate cut later this year.

According to economists, the central bank would maintain the existing key benchmark rate for now, but would need to assess the macroeconomic conditions and uncertainties and how it would impact the local economy.