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BNM: CPI Slips Below BNM’s Target

BNM
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  • Malaysia’s CPI slipped to +1.9% you for August, a modest drop from the prior month and estimates.
  • Core inflation printed at +1.9% also.
  • Within that data, Food and Beverages +1.6%, Housing, Water and Electricity +3.1% and Transport +1.3%.
  • Malaysia is forecast to achieve GDP growth of 4.90% in 2024.
  • Economic data in Malayia of late has continued to be show a balanced, strong economy.
  • Whilst it does not appear that the BNM has been in a rush to cut rates, today’s print likely opens the door to that possibility at their next meeting on November 6th. 
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  • Malaysia’s CPI slipped to +1.9% you for August, a modest drop from the prior month and estimates.
  • Core inflation printed at +1.9% also.
  • Within that data, Food and Beverages +1.6%, Housing, Water and Electricity +3.1% and Transport +1.3%.
  • Malaysia is forecast to achieve GDP growth of 4.90% in 2024.
  • Economic data in Malayia of late has continued to be show a balanced, strong economy.
  • Whilst it does not appear that the BNM has been in a rush to cut rates, today’s print likely opens the door to that possibility at their next meeting on November 6th.