January 17, 2025 05:46 GMT
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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