Rate cut less likely after Najib remarks

Malaysia’s central bank is less likely to tighten monetary policy this week after Prime Minister Datuk Seri Najib Razak said the country’s economic growth may slow in the second half of this year, said Dariusz Kowalczyk, a Hong Kong-based strategist at Credit Agricole CIB.

“We continue to expect the central bank to stay put at its Thursday meeting,” Kowalczyk said in an email to Bloomberg News today. - Bloomberg