Bank Negara holds rates on economic rebound, flags uneven recovery

Bank Negara Malaysia (BNM) kept interest rates steady today, holding fire after delivering monetary stimulus for four consecutive meetings, as the coronavirus-hit economy showed some signs of recovery.

Bank Negara left its overnight policy rate at 1.75 percent. Six out of 13 economists polled by Reuters had expected rates to remain unchanged, with a slim majority betting on a rate cut...