Monetary easing across major economies in the second half of 2019 has helped ease financial conditions and is expected to continue to support economic activities, says Bank Negara. – The Malaysian Insight file pic, January 22, 2020.
BANK Negara Malaysia’s monetary policy committee has agreed to reduce the overnight policy rate to 2.75% from 3% as a pre-emptive measure to increase the growth trajectory amid price stability. The central bank said downside risks remain due to geopolitical tensions and policy uncertainties in a number of countries, but monetary easing across major economies in the second half of last year has helped ease financial conditions and is expected to continue to support economic activities.
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