Saturday, May 7, 2011

Malaysia Raises Rate in Surprise Move

Saturday, May 7, 2011

KUALA LUMPUR—Malaysia's central bank unexpected raised its key overnight policy interest rate by one-quarter of a point Thursday, its first increase since July 2010, in a bid to contain rising inflation.

Bank Negara also raised the statutory reserve requirement, or the minimum amount of cash that a financial institution ...

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