Bank Negara Malaysia (BNM) will raise rates by 25 basis points on Wednesday, its first consecutive rise in more than a decade, to rein in inflation stemming in part from a weaker ringgit as the US Federal Reserve hikes aggressively, a Reuters poll found.<br /><br />BNM, although dealing with low inflation compared with many other economies, unexpectedly raised its key overnight policy rate by 25 basis points to 2.00 percent at its May meeting.<br /><br />More: https://www.malaysiakini.com/news/627024
