Headline inflation to average up to 3.8% in 2023, says Bank Negara
Bank Negara says Malaysia's elevated core inflation will trend above headline inflation for a few months this year. – The Malaysian Insight file pic, March 29, 2023.
“After increasing for most of 2022, headline inflation has begun to moderate since the fourth quarter of 2022, mainly reflecting the moderation in global cost factors. “Existing domestic price controls and subsidies would also continue to partly contain inflationary pressures,” it said. “On the domestic front, if pent-up demand that had in part supported household spending in 2022 dissipates at a faster rate, inflationary pressures may abate,” it said.BNM said developments in domestic financial markets and exchange rates would be influenced primarily by three key external risk factors, including the impact from the reopening of China’s economy, which could lift sentiments towards regional financial markets.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Headline, core inflation to average between 2.8% and 3.8% in 2023 - Bank NegaraKUALA LUMPUR: Despite moderating in the fourth quarter (4Q) of 2022, headline inflation is expected to remain elevated in 2023, said Bank Negara Malaysia (BNM).
Read more »
Bank Negara to ensure price stability to support sustainable domestic economic growth in 2023KUALA LUMPUR, March 29 — Bank Negara Malaysia (BNM) remains committed to ensuring price stability in support of sustainable domestic economic growth, amid challenges from global...
Read more »
Bank Negara: Malaysia’s 2023 GDP to grow between 4 and 5pc, anchored by consumer spendingKUALA LUMPUR, March 29 — Malaysia’s gross domestic product is expected to grow between 4 and 5 per cent in 2023, underpinned by strong consumer spending as the job market and...
Read more »
Bank Negara: 2023 monetary policy to focus on managing inflation risks, supporting sustainable growthKUALA LUMPUR, March 29 ― The Monetary Policy Committee’s (MPC) monetary policy considerations will focus on managing inflation risks while supporting sustainable economic...
Read more »
Headline, core inflation to average between 2.8% and 3.8% in 2023: BNMThe central bank said on balance, both headline and core inflation are projected to average between 2.8 per cent and 3.8 per cent this year. theSun thesundaily BNM inflation MonetaryReview
Read more »
Bacaan kali kedua RUU Perbekalan 2023 dibentangkan di Dewan Negara | The Malaysian InsightBacaan kali kedua RUU Perbekalan 2023 dibentangkan di Dewan Negara
Read more »