Economic Research | 9 July 2018 | |||
Malaysia | ||||
Economics View | ||||
u Malaysia’s forex reserves fell USD3.8bn to USD104.7bn as at end-June, from USD108.5bn in May. This was likely on the back of portfolio outflows as concerns over government debt weighed on investor sentiment. u MYR weakened further by 1.1% to USD to MYR4.046 in the first week of July 2018, as the latter currency strengthened. We expect the ringgit to remain rangebound before settling at MYR4.10 by end-2018. u Meanwhile, the amount of excess liquidity (including repos) mopped up by BNM remained stable at MYR134.8bn as at end-June. Economist: Vincent Loo Yeong Hong | +603 9280 2172 | ||||
To access our recent reports please click on the links below: 05 Jul: Exports Lose Steam In May 02 Jul: M3 Hits The Brake; Loan Growth Inched Up 20 Jun: Inflation Resumes Climb In May 11 Jun: IPI Climbs Further in April | ||||
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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