Malaysian Interest Rate Status
Publish Date : 2019/08/19 - 11:04

Despite GDP growth in the second quarter, ING analysts still expect the central bank of Malaysia to cut interest rates this year.

They say: "Stable growth, low inflation and a healthy foreign payment position - all come with the support of positive investor confidence in the economy given the current turmoil in the global economy."

"We have forecast GDP growth of 4.7% for the rest of the year in line with growth forecast for 2019. We have cut our inflation forecast for the year to 0.8% from 1.0%, and are now looking to revise our 2% of GDP current account surplus forecast higher.”

Source: Fxstreet

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