Bank Negara holds interest rate at record low

Malaysia's central bank kept its benchmark interest rate unchanged at a record low on Thursday, as expected, to support the recovering economy.

All 23 economists surveyed in a Reuters poll had expected Bank Negara Malaysia (BNM) to hold its overnight policy rate steady at a record low of 1.75 percent.

The latest indicators show that economic activity rebounded in the fourth quarter for Malaysia, in line with the relaxation of Covid-19 containment...