Economic Research | 23 May 2018 | |||
Malaysia | ||||
Economic Update | ||||
Subdued Inflation In April; 2018 Forecasts Slashed u Malaysia’s headline inflation rate inched up to 1.4% YoY in April (below consensus and our estimates of 1.6% of 1.9% respectively) as food and transport prices trended higher. Likewise, core prices eased further to 1.5% YoY in April, from +1.7% in March. u We are revising our headline inflation forecasts lower to 1.9% for 2018, from +3% previously, in light of the Government’s fixing of fuel prices at current rate. u Despite this, we believe BNM will still raise rates again in 2H18 in line with US Fed tightening. However, this move may be put on hold/delayed should the country’s economic growth slow more than expected this year. Economist: Vincent Loo Yeong Hong | +603 9280 2172 | ||||
To access our recent reports please click on the links below: 17 May: Slower 1Q GDP Growth; 2018 Forecast Retained 17 May: GST Zero-Rated; Transitioning To SST 14 May: March IPI Growth Steady, GDP Forecast Retained 14 May: OPR Unchanged, Rate Outlook At Risk Post-GE14 08 May: Forex Reserves Retreat In April 04 May: Mild Recovery In March’s Exports | ||||
Economics Team | ||||
Arup Raha | Group Chief Economist | +65 6232 3896 | ||
Peck Boon Soon | Chief ASEAN Economist | +603 9280 2163 | ||
Vincent Loo Yeong Hong | Malaysia, Singapore | +603 9280 2172 | ||
Ahmad Nazmi Idrus | Indonesia | +603 9280 2179 | ||
Aris Nazman Maslan | Thailand, Philippines , Vietnam | +603 9280 2184 | ||
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