Malaysia central bank may hit pause after surprise rate hike.

Malaysia's central bank unexpectedly raised its benchmark interest rate (MYINTR=ECI) on Wednesday, as it looks to manage persistent inflation amid strong domestic demand.

Bank Negara Malaysia (BNM) lifted its overnight policy rate by 25 basis points to 3 percent, confounding economists expectations for an extended pause.

Some economists now see the move marking the end of the current tightening cycle as price pressures ease along with slowing global growth that will likely hurt the export-driven economy.

BNM had kept rates unchanged at its two previous meetings this year, as it sought to assess the impact of four consecutive hikes totalling 100 basis points in 2022.

Golomt bank: the open bank vision driving a brighter future for Mongolia

Mongolia, a mineral-rich nation strategically located between China and Russia, is bouncing back strongly from a pandemic slump - with the Asian Development Bank (ADB) forecasting its economy to grow 5.4 percent in 2023.

While its development remains heavily dependent on coal, Mongolia's potential for sustainable development through...