Central Bank just out with their latest decision
- says stance of mon pol remains accommodative
- headline inflation rate expected to peak in 2016
- GDP expected to remain in 4.5-5.5% range
- pvt consumption expected to moderate on GST, uncertain economic environment
The decision to keep rates on hold was expected given the weakness of the ringitt which has been Asia's worst performing currency in 2015 losing 19% vs USD
The last time Bank Negara changed the benchmark rate was in July 2014 when it rose from 3%
Ah, the memories that come flooding back on the name Negara, once upon a time a massive interbank player in FX