# Malaysia cenbank holds rates, likely no change next year

> Bank Negara Malaysia held its policy rate unchanged and signalled little change ahead. The central bank warned that the US election outcome could increase near-term ringgit volatility. It noted that a narrowing interest rate differential with the US is supportive for the currency.

- Date: 2024-11-06 · published 2024-11-06T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/27683-malaysia-cenbank-holds-rates-likely-no-change-next-year
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Stable Malaysian policy rates and a narrowing US rate gap reduce pressure on the ringgit, which affects the cost of Malaysian palm oil and feed imports.

## Read by commodity

- USDMYR: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/malaysia-cenbank-holds-rates-likely-no-change-next-year-2024-11-06/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.