DBS Breaks Consensus, Forecasts Malaysia Rate Hike

        0658 GMT [Dow Jones] Malaysia's central bank is likely to raise its overnight policy rate by 0.25 percentage points to 3.25% at its meeting Thursday, DBS says. "Plainly, Bank Negara will have to take pre-emptive steps to anchor inflation expectation," says Southeast Asia's largest bank. DBS adds that "while consensus is not looking for a rate increase at the monetary policy meeting, the market has clearly become wary about potential monetary tightening soon." (jake.watts@wsj.com)
        (END) Dow Jones Newswires

        May 08, 2014 02:58 ET (06:58 GMT)