Oil price remains a concern


Dateline 2012-03-17:

The elevated price of crude oil, which translates into higher costs, will continue to be the main concern among Asean economies as they face a slowdown in growth due to a drop in exports.

For Malaysia, economists are now leaning towards no change in the benchmark interest rate, which has been kept at 3% since May last year when the overnight policy rate (OPR) was raised by 25 basis points.

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