Bank Negara Malaysia’s policy review on Tuesday will be scrutinised by global funds.
Slowing exports and tepid inflation have raised expectations that policy makers will need to consider adding to May’s quarter-point cut at some point in 2019. The need for BNM to resuscitate demand has been more acute since April, when FTSE Russell warned that it may drop ringgit debt from its benchmark global bond index, citing market liquidity problems.
At the last review on May 7, the central bank struck a broadly neutral tone, saying the 25-basis point reduction to 3% was intended to “preserve the degree of monetary accommodativeness.”
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