Economic Research | 28 February 2018 | |||
Malaysia | ||||
Economic Update | ||||
Inflation Normalises In Early 2018 The headline inflation rate normalised to 2.7% YoY in January (+3.5% in Dec 2017). This was mainly due to a slower rise in F&B and transportation costs during the month. Going forward, we expect headline inflation to moderate to 3% in 2018, from +3.7% last year, due to a smaller increase in oil prices compared to 2017. That said, the resiliency of domestic demand should continue to support elevated prices ahead. Bank Negara Malaysia (BNM) is likely to hike rates one more time in 2018. After hiking the overnight policy rate (OPR) by 25bps in January, the central bank stated that it would continue to assess the balance of risks surrounding the outlook for domestic growth and inflation. This suggests that further hikes would likely be data-dependent. Economists: Vincent Loo Yeong Hong | +603 9280 2172 Aris Nazman Maslan | +603 9280 2184 | ||||
To access our recent reports please click on the links below: 21 Feb : Exports Growth To Remain Healthy After Surging In 2017 15 Feb : Current Account Surplus To Narrow In 2018 14 Feb : 2017 GDP Growth Strongest In Three Years 12 Feb : 4Q17 Economic Activity Remains Healthy Despite Slowdown 08 Feb: Exports Ease in December but Cap a Robust Year | ||||
Economics Team | ||||
Arup Raha | Group Chief Economist | +65 6232 3896 | ||
Peck Boon Soon | Chief ASEAN Economist | +603 9280 2163 | ||
Vincent Loo Yeong Hong | Malaysia, Vietnam, | +603 9280 2172 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
Thursday, March 1, 2018
FW: RHB | Malaysia | Inflation Normalises In Early 2018
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