KUALA LUMPUR: As widely anticipated by the market, Bank Negara Malaysia kept borrowing costs unchanged at 3.25 per cent.
The monetary policy committee, in its first policy meeting for 2015, said the monetary policy is accommodative and appropriate given the current financial and monetary conditions.
“While the Malaysian financial markets have been affected by volatility in the international financial markets, there remains ample liquidity in the domestic financial system.
“The banking institutions are operating with strong capital and liquidity buffers, and continue to provide financing to the economy,” a statement said.
The central bank said prospects are for the Malaysian economy to still remain on a steady growth path.
Inflation for 2015 is expected to be lower than earlier anticipated due to the lower energy and commodity prices.