Malaysia’s central bank is expected to raise the interest rate by 25 basis points on Thursday, a Reuters poll showed, which will be the country’s third consecutive increase amid rising global inflation.
The survey’s findings, which involved 20 analysts, suggest a 25 basis point hike to 2.50 percent by the Malaysian Central Bank (BNM) on Wednesday, followed by another 25 basis point hike to 2.75 percent in November.
About 60 percent of the economists expected BNM’s overnight rate to reach 3.00 percent by the end of March, while the remaining predicted 2.75 percent.
BNM previously hiked the overnight policy rate by 25 basis points to 2.25 percent on May 11 and July 6….