Bank Negara seen holding key rate tomorrow

Eleven out of 15 economists saw Bank Negara keeping its overnight policy rate at a record low of 1.75%, a Reuters poll showed yesterday.

KUALA LUMPUR: Bank Negara is expected to leave its key interest rate steady tomorrow, according to a Reuters poll, as a slowdown in new coronavirus infections and a recently launched vaccination drive boost confidence in the economic recovery.

Eleven out of 15 economists saw Bank Negara keeping its overnight policy rate at a record low of 1.75%, a Reuters poll showed yesterday with four forecasting a 25 basis point cut. Bank Negara cut rates by a total of 125 basis points in 2020.