Bank Negara holds at 3.00 percent and points at the ringgit without naming it
The rate decision was unanimous and expected. The statement language on external conditions was the part that moved the currency.
Bank Negara Malaysia kept the overnight policy rate at 3.00 percent, the ninth consecutive hold. The decision matched every forecast in the market.
The statement did the talking. A new reference to monitoring "external financial conditions and their transmission to domestic markets" replaced softer language from the previous meeting, and traders read it as what it appears to be: the central bank noting the currency without committing to defend a level.
Keep reading. It is free.
You have read the first third of this story. Create a free Bridge 2 Profit account to unlock the full article, plus our daily market wrap.
- Full access to every story
- Daily and weekly market wrap by email
- Breaking-news alerts for the markets you follow
Already registered? Log in
No card required. We never sell your data. See our Privacy Policy.
THE DAILY MARKET WRAP, IN YOUR INBOX BY 8 AM IST
One email, every trading morning. The moves that mattered, why they mattered, and what to watch next.