Poll: Monetary tightening from Q3 onwards

Although inflation climbed above Bank Negara’s 2% to 3% outlook range in November, it is expected to fall back within that range in the coming months, giving the central bank room to hold fire on rate hikes for now.

KUALA LUMPUR: Malaysia’s central bank will wait until at least July before raising interest rates from a record low as it waits for the economic recovery to take hold, a Reuters poll has found.

Although inflation climbed above Bank Negara’s 2% to 3% outlook range in November, it is expected to fall back within that range in the coming months, giving the central bank room to hold fire on rate hikes for now.