The Bank Negara Malaysia previously kept the rate unchanged at its February meeting, and last increased the OPR by 25 basis points to 3.00% in May last year, it also increased the Statutory Reserve Requirement (SRR) by 100bps to 3.00% at that meeting, and increased the SRR again in July by 100bps to 4.00%. Malaysia saw inflation of 2.7% in January, down from 3.4% in September, 3.3% in August, 3.4% in July, 3.5% in June, 3.3% in May, 3.2% in April, and 3.0% March.
The Malaysian economy grew 3.7% in the September quarter, up from 2.8% in the June quarter, compared to -2.8% in the March quarter (+1.5% in Q4 2010), while growing 5.8% on an annual basis compared to 4.3% and 4.9% in the previous quarters (4.8% in Q4 2010). Malaysia's currency, the Malaysian ringgit (MYR), has gained about 1% against the US dollar over the past year, while the USDMYR exchange rate last traded around 3.01
0 comments:
Post a Comment