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Topic Summary

Posted by: Eric c
« on: January 20, 2021, 04:34:47 PM »

Bank of Malaysia maintains interest at 1.75%, hopes to support the economy to cope with the lockdown.

The Malaysian central bank voted to maintain its policy rate at 1.75%, a record low at today's meeting, stating that the central bank's monetary policy aims to support the country's economy at the time the measure was announced. Lockdown to control the spread of the COVID-19 virus.

On Tuesday, Jan. 12, the past King, Sultan Abdullah Ahmad Shah of Malaysia Declare a state of emergency throughout the country For the government to deal with the COVID-19 virus That is spreading heavily The state of emergency will continue until Aug. 1 or earlier. This will depend on the situation of the COVID-19 epidemic.

The state of emergency was declared one day earlier. The Malaysian government has announced a two-week lockdown in Kuala Lumpur and five other states to block the outbreak. Malaysians will not be able to travel across the state during this period.

The Malaysian Central Bank stated that The central bank will wait and watch the situation closely. Before deciding whether to implement additional stimulus measures

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