Economic Research | 8 September 2017 | |||
Malaysia | ||||
Economic Update | ||||
BNM To Maintain Rates Till Year End BNM’s Monetary Policy Committee (MPC) kept the overnight policy rate (OPR) unchanged at 3% for its seventh straight meeting on 7 Sep, as expected. Looking forward, we expect BNM to maintain OPR at 3% for the rest of 2017. We believe the monetary policy would unlikely be tightened for the remaining part of this year, on expectations that inflation would normalise in the 2H while MYR has seen some stabilisation in recent months. Further out, we believe the Central Bank could have more room to increase OPR by 25 bps to 3.25% in 2018, as major global central banks are on a tightening bias and the Malaysian economic growth would likely improve further. Economist: Vincent Loo Yeong Hong | +603 9280 2172 Economist: Aris Nazman Maslan | +603 9280 2184 | ||||
To access our recent reports please click on the links below: 07 Sep : Forex Reserves Surpasses The USD100bn Level 06 Sep : July’s Exports Improve Strongly After Festivities 05 Sep : M3 Picks Up, Loan Growth Edges Lower 24 Aug : Cheaper Fuel Prices Drag Inflation Lower 21 Aug : Current Account Surplus Widens On Slower Import Growth | ||||
Economics Team | ||||
Peck Boon Soon | Chief ASEAN Economist | +603 9280 2163 | ||
Vincent Loo Yeong Hong | Malaysia, Vietnam, | +603 9280 2172 | ||
Ng Kee Chou | Singapore, Thailand | +603 9280 2179 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
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