Bank Negara seen standing pat, saving ammunition for later

BNM last cut its benchmark rate in May, its first easing since July 2016, as a preemptive move to support the economy amid growing concerns over global growth.

KUALA LUMPUR: Malaysia's central bank is expected to keep its benchmark interest rate unchanged at a policy review on Wednesday, a Reuters poll showed, saving its ammunition for use during a possible slowdown in economic growth later in the year.

All but one of 14 economists polled forecast Bank Negara Malaysia (BNM) will hold its overnight policy rate at 3.00%, as global confidence improved after the United States and China signed a preliminary trade deal to defuse their bitter 18-month tariff war that has hit world growth.