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Industry Developments

Malaysia’s central bank expected to hold interest rate

Malaysia’s central bank may keep its interest rate unchanged despite a 2.5 percent year on year increase on inflation rate, according to Department of Statistics.

The average inflation rate of 1.4 percent in the first half showed no sign of inflation inr Malaysia. Considering also the decreasing risk in national finance and an increasing economic growth, Hong Leong Investment Bank expects that central bank is unlikely to adjust its rate policy.

Source:Xinhua

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