Bank Negara holds key rate steady, warns of 'downside risks' from Covid-19

Malaysia's central bank left its key benchmark interest rate unchanged today but kept the door ajar for more monetary stimulus as the country grapples with fresh lockdowns and surging coronavirus cases.

Bank Negara Malaysia kept its overnight policy rate at a record low of 1.75 percent. Five out of 15 economists in a Reuters poll had expected the move, but a majority had forecast a rate cut...