Malaysia’s central bank held its benchmark interest rate at 3.0%, maintaining a cautious approach ahead of expected fuel subsidy cuts later in the year. The last adjustment in borrowing rates was a 25 bps hike in May. The bank cited the potential impact of the government’s price control and subsidy reviews on inflation and demand as reasons for the decision. Policymakers are adopting a wait-and-see approach amid uncertainties in the inflation and economic outlook.