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MALAYSIA: Country Wrap:  GDP Below Expectations Opening Door for the BNM.

MALAYSIA
  • Malaysia fourth quarter GDP printed at +4.8%, below expectations of +5.2% and down from +5.3% in 3Q.  Malaysia’s economy has remained robust in 2024, despite the currency experiencing a challenging environment in the last part of the year from a resurgent USD.  (source: MNI – Market News)
  • Malaysia’s KLCI Index has had a challenging week this week down almost 3% in the first four days of the week but enjoyed a bounce today to be up +0.47%.
  • MYR:  the ringgit has had a quiet day almost unchanged at 4.501.
  • Bonds saw higher yields in the front end with the 5YR the worst performer up -3.5bps to 3.645%. 
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  • Malaysia fourth quarter GDP printed at +4.8%, below expectations of +5.2% and down from +5.3% in 3Q.  Malaysia’s economy has remained robust in 2024, despite the currency experiencing a challenging environment in the last part of the year from a resurgent USD.  (source: MNI – Market News)
  • Malaysia’s KLCI Index has had a challenging week this week down almost 3% in the first four days of the week but enjoyed a bounce today to be up +0.47%.
  • MYR:  the ringgit has had a quiet day almost unchanged at 4.501.
  • Bonds saw higher yields in the front end with the 5YR the worst performer up -3.5bps to 3.645%.