KUALA LUMPUR: Malaysia’s headline inflation is expected to moderate to around 2.5 per cent in 2024, reflecting stable cost and demand conditions, acco...
: Malaysia’s headline inflation is expected to moderate to around 2.5 per cent in 2024, reflecting stable cost and demand conditions, according to the World Bank,
“Core inflation will also likely trend lower in 2024, and poverty is expected to decline further,” it noted. “Bank Negara Malaysia kept its overnight policy rate at 3.0 per cent in March and the monetary policy is deemed supportive of the economy. In December 2023, inflation for households earning below RM3,000 per month was 1.7 per cent, which was higher than the headline inflation of 1.5 per cent.At the same time, the World Bank noted that the government’s target of zero hardcore poverty has been reached in some states.
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