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Bank Negara Malaysia holds policy rate at 2.75% for seventh straight meeting

Bank Negara Malaysia kept its overnight policy rate at 2.75% for the seventh consecutive policy meeting, citing strong economic growth and moderate inflation. The decision matched expectations except two of 31 economists.

Malaysia's central bank kept its benchmark interest rate (MYINTR=ECI) steady for the seventh straight policy meeting on Thursday, amid strong economic growth and moderate inflation.Bank Negara Malaysia maintained its overnight policy rate at 2.75%, as had been expected by all but two of 31 economis…