Malaysia's Headline Inflation To Moderate To 2.7 PCT In 2018
56 views · Published 2 January 2018 · 1:24 · Indexed 18 October 2026
Channel: 7Edition · 2018 · News & Politics
Malaysia’s headline inflation is expected to normalise to 2.7% in 2018, easing from the 3.8% estimated last year. RHB Research Institute said it also expects Bank Negara Malaysia to raise the overnight policy rate (OPR) by 25 basis points to 3.25% this year after maintaining it at 3% in 2017. The research firm said via a statement that this OPR increase is backed with the view that inflation is likely to be elevated while economic growth remains relatively strong. This also comes as major global central banks are increasingly inclined to tighten monetary policies this year, amid stronger growth in advanced economies. Meanwhile, it said loans growth would likely record a healthy 6% in 2018, from the 5% expected in 2017. This growth is due to stronger business loans following an uptick in economic activity, but would be partly offset by slower household loans amid a soft property market.
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