Economic Research | 7 May 2018 | |||
Malaysia | ||||
Economic Update | ||||
Forex Reserves Retreat In April u Malaysia’s forex reserves increased USD1.7bn to USD109.5bn in April, on the back of continued trade surplus and foreign portfolio inflows into the equity and fixed income markets. u We expect MYR to give up some of its earlier gains before settling at MYR3.98 by end-2018. MYR weakened by 0.6% to USD to MYR3.942 in the first week of May, as the latter currency strengthened amidst expectations of a higher inflation in the US that could potentially result in the US Fed hiking rates more than expected. u Meanwhile, the amount of excess liquidity (including repos) mopped up by BNM was almost unchanged at an estimated MYR145.2bn, as at end-April. Economist: Vincent Loo Yeong Hong | +603 9280 2172 | ||||
To access our recent reports please click on the links below: 04 May: Mild Recovery In March’s Exports 02 May: M3 Growth Jumps In March On Foreign Demand 18 Apr: Inflation Inches Lower In March 18 Apr: 1Q18 Business Confidence Slips Below Threshold 16 Apr: Government Promises Pay Hike For Civil Servants 12 Apr: February’s Industrial Activity Slows On Export Drag | ||||
Economics Team | ||||
Arup Raha | Group Chief Economist | +65 6232 3896 | ||
Peck Boon Soon | Chief ASEAN Economist | +603 9280 2163 | ||
Vincent Loo Yeong Hong | Malaysia, Philippines | +603 9280 2172 | ||
Ahmad Nazmi Idrus | Singapore, Indonesia | +603 9280 2179 | ||
Aris Nazman Maslan | Thailand, Vietnam | +603 9280 2184 | ||
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