Malaysia central bank raises key interest rate
 

Malaysia central bank raises key interest rate

Kuala Lumpur : Malaysia | May 05, 2011 at 8:36 AM PDT
Source: Channel NewsAsia
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Malaysia's central bank on Thursday hiked its key interest rate for the first time in 10 months, lifting it 25 basis points to 3.0 percent as it tries to rein in inflation. The move comes as regional governments are forced into similar moves due to prices surging, with oil and food costs rocketing. "Going... FULL ARTICLE AT Channel NewsAsia
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The central bank last raised interest rates in July 2008
The central bank last raised interest rates in July 2008
 
 
 
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  • Malaysian central bank hikes rate

    Arab News
    Malaysia's central bank ended its rate-hike pause on Thursday, raising its key policy rate by 25 basis points to 3 percent, and ordered banks to set aside more money in reserves to fight inflation stoked by rising oil and food prices. Bank Negara,...
 
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