THE Bank of England (BOE) was set on Thursday (May 9)to keep its main interest rate at a 16-year high, resisting a cut as UK inflation cools at a slower pace than forecast.
MALAYSIA is set to keep its benchmark interest rate unchanged on Thursday, as low inflation and a currency faring better than peers spare policymakers the pressures that prompted a surprise hike in Indonesia last month.
MALAYSIA’S central bank kept its benchmark interest rate unchanged on Thursday (May 9), in line with market expectations, against a background of a weakening ringgit currency and steady inflation outlook.
Malaysia’s central bank maintained its benchmark interest rate at 3 per cent on Thursday (May 9), choosing not to follow the recent rate hikes by other South-east Asian countries.
MANULIFE Financial posted first-quarter profit that beat analysts’ estimates, boosted by continued strength in its Asia operations and wealth-management business.
