Malaysia Central Bank Keeps Policy Rate Unchanged

Malaysia's central bank kept its benchmark interest rate unchanged on Thursday as expected, and said the country's growth outlook continues to face risks such as weak external demand and protracted declines in commodities production. Bank Negara Malaysia held the overnight policy rate at 3.0%, marking the third meeting in a row where the central bank has stood pat. All eight economists polled by The Wall Street Journal had expected Bank Negara to keep the rate unchanged. The bank delivered its first and so far only hike of the year in...