** Pick from TheStar @ http://biz.thestar.com.my/news/story.asp?file=/2009/4/29/business/20090429183113&sec=business
PETALING JAYA: Bank Negara has decided to leave its key policy rate - the overnight policy rate - unchanged at 2.0% as inflation, which decelerated to 3.5% in March, is expected to moderate further amid subdued demand conditions and lower external price pressures.
The central bank said in a statement Wednesday evening following its monetary policy committee meeting that there were also tentative signs of a slower pace of decline despite global economic conditions deteriorating further in the first-quarter of 2009.
It added that the domestic economy would face a marked contraction in the first quarter of the year but is expected to improve in the second-half supported by stabilisation in global economic conditions.
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