# Bank Negara Malaysia keeps interest rate unchanged, citing strong household demand | EconoTimes

> Bank Negara Malaysia kept its overnight policy rate at 3.00 percent at its first 2017 meeting, as widely expected. The central bank cited strong household demand, higher inflation prospects and a weak ringgit.

- Date: 2017-01-19 · published 2017-01-19T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/73241-bank-negara-malaysia-keeps-interest-rate-unchanged-citing-strong-household
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Steady rates with inflation expected to rise keep the ringgit under pressure, which can lift the local cost of imported feed.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- econotimes.com: https://econotimes.com/Bank-Negara-Malaysia-keeps-interest-rate-unchanged-citing-strong-household-demand-496180

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