Bank Negara to deliver two more 25-bp rate hikes this year

Bank Negara Malaysia (BNM) is set to deliver a third consecutive 25 basis point interest rate hike on Thursday (Sept 8) and a fourth in November.

While the central bank attempts to quell growing inflationary pressures, a Reuters poll found that BNM is predicted to move slowly despite a hawkish US Federal Reserve.

Although Malaysia’s inflation rose to 4.4 percent in July, well above the target range of 2-3 percent, it is relatively...