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KUALA LUMPUR (June 24): Inflation in Malaysia is poised to catch up with neighbouring countries in the second half of this year, after relatively benign consumer price index (CPI) readings until April, thanks to the blanket fuel subsidy, low utilities prices and the inclusion of price-controlled items in the CPI basket.
Malaysia’s central bank is widely expected to maintain its benchmark interest rate at a record-low on Wednesday (May 11), continuing support for the nascent economic recovery before it shifts gears in the second half of the year.
Impressive vaccine rollout, swift measures lauded
The International Monetary Fund (IMF) says Malaysia’s economy is set for a gradual recovery from the Covid-19 downturn, with real gross domestic product (GDP) growth at 3.1 per cent in 2021 and projected to accelerate to 5.75 per cent in 2022.
BNM keeps OPR pat at 1.75%; economists expect rate to stay through 2021 Justin Lim © Provided by The Edge KUALA LUMPUR (May 7): Bank Negara Malaysia kept the overnight policy rate (OPR) pat at its historic low of 1.75% after its Monetary Policy Committee meeting yesterday (Thursday, May 6), and economists are expecting this rate to be kept steady throughout 2021, despite the reintroduction of the movement control order or MCO 3.0 in targeted areas, which is seen as a short-term blip to the recovery of the domestic economy. “In our view, the central bank is looking at the i...