| Malaysia's consumer price index (CPI) is projected to remain at 2.1% in April this year, unaltered as compared to March, because food prices decreased after the Lunar New Year festivities and the fuel subsidies have kept a check on the impact of elevated global oil prices. As reported by Reuters News, the central bank is anticipated to hold its interest rates steady, as the domestic demand is likely to cushion the economy from external volatilities. The central bank froze its key interest rate at 3.0% in its meeting held May 11. |
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