Malaysia Hikes Policy Rate to 2.75%

Malaysia's central bank has raised the policy rate to 2.75%, justifying the hike is reasonable and coherent with the current assessment of the growth and inflation prospects.


Quoting economists, the Wall Street Journal says the increase is expected to be last hike for the year.


The Journal notes that while the debt crisis in Europe could slow down pace of growth, the domestic economy remains robust, bouyed by industrial production, financing activity, improving labour market conditions and external trade.



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