Arab Today, arab today malaysia raises bank reserves
Last Updated : GMT 07:50:25
Arab Today, arab today
Arab Today, arab today

Malaysia raises bank reserves

Arab Today, arab today

Arab Today, arab today Malaysia raises bank reserves

Kuala Lumpur - Arabstoday

Malaysia\'s central bank ordered lenders to set aside more cash as reserves and unexpectedly kept interest rates unchanged, saying it will consider further policy moves after assessing economic conditions. Bank Negara Malaysia raised the statutory reserve requirement ratio to 4 per cent from 3 per cent effective July 16, it said in a statement in Kuala Lumpur Thursday. The benchmark overnight policy rate was held at 3 per cent, a decision predicted by five of 15 economists surveyed by Bloomberg News. The rest expected a quarter-of-a-percentage-point increase. Europe\'s debt crisis and slowing US growth have dampened the outlook for exports, putting pressure on Asian policymakers to delay further rate increases even as inflation accelerates. While there are \"higher downside risks to growth\", pressure remains on prices to climb further, Malaysia\'s central bank said. \"This is largely a response to the downside risks to growth which they perceive, but clearly they have left the door open to future hikes,\" said Kit Wei Zheng, a Singapore-based economist at Citigroup. \"Given the way inflation is moving, it is still possible\" that the central bank may raise rates later this year, he said. The Malaysian ringgit weakened to 3.0123 a dollar from 3.0103 before the central bank decision, according to Bloomberg data. It has jumped more than 6 per cent against the dollar in the past year, and reached 2.9598 against the US currency on May 2, the strongest level in 13 years. Consumer prices rose 3.3 per cent in May from a year earlier. Inflation may range from 2.5 per cent to 3.5 per cent this year from 1.7 per cent in 2010, the central bank said in March. Inflation is likely to \"head up further\" before peaking in the fourth quarter, said Wellian Wiranto, an economist at HSBC Holdings in Singapore. Malaysian Prime Minister Najib Razak\'s government permitted power distributor Tenaga Nasional Bhd. to raise electricity charges last month, adding to price pressures for business and consumers. Asia\'s central banks have enacted the steepest increases in borrowing costs as the region led the global recovery from the 2009 recession, with India, South Korea, Thailand and Taiwan raising their key rates last month and China announcing a move yesterday. The central bank said the decision to raise the reserve requirement for a third time this year is a \"pre-emptive measure to manage the significant build-up of liquidity, which may result in financial imbalances and create risks to financial stability\". From / Gulf News

arabstoday
arabstoday

GMT 21:04 2017 Monday ,18 September

Dollar exchange rate stable at major banks

GMT 19:07 2017 Monday ,18 September

Inflation slump to hit in early 2018: ECB

GMT 20:35 2017 Sunday ,17 September

Dollar exchange rate stable at major banks

GMT 05:53 2017 Saturday ,16 September

ECB fines rescued Italian bank 11.2 mln euros

GMT 11:43 2017 Tuesday ,12 September

US sues ex-Deutsche Bank exec for securities fraud

GMT 12:03 2017 Sunday ,10 September

Bahrain introduces mandatory IESCA

GMT 11:55 2017 Sunday ,10 September

CBB hosts SWIFT users security workshop
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today malaysia raises bank reserves Arab Today, arab today malaysia raises bank reserves

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today malaysia raises bank reserves Arab Today, arab today malaysia raises bank reserves

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today France opens door to post-2025 talks

GMT 05:16 2017 Wednesday ,20 September

France opens door to post-2025 talks
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday