Ringgit steadies as central bank holds overnight policy rate at 3.00pc
Policymakers cited contained core inflation and steady external demand in a unanimous decision.
By Adrian Lim
KUALA LUMPUR — The central bank held its overnight policy rate at 3.00 per cent, saying core inflation remains contained and external demand steady, a decision that steadied the ringgit through the afternoon session.
The accompanying statement removed a reference to "further assessment" that had appeared in the previous two decisions, which economists read as a signal that the tightening cycle has ended.
- 2024
- 3
- 2025
- 3
- 2026
- 3
Attention now turns to the Budget, where the subsidy framework approved this week is expected to shape the inflation outlook for the first half of next year.
About the journalist
Adrian Lim
Markets Editor
Adrian Lim leads RNN's markets desk, covering monetary policy, the ringgit and listed corporates across Malaysia and Singapore.
Reader discussion
Comments (3)
Sign in to join the discussion. Comments are moderated before they appear.
- RNN NewsroomPinned by editor
Editor's note: the tiered thresholds in the table are from the Ministry briefing dated 26 July and may be revised at tabling.
- Kumaran Raj
Useful chart. Would like to see the same breakdown for the electricity phase once the tariff bands are published.
- Farah Idris
The appeals process is the part that decides whether this works. Two weeks is not long enough for households without digital records.
