Research firms expect Malaysia’s headline inflation at 1.5-2.2pc this year
02 April 2019
In a note, the research house said inflationary pressure, mainly from fuel-related items would likely increase, consistent with its expectation on crude oil prices to average higher at US$75 per barrel for 2019 from US$72 per barrel in 2018. “Furthermore, the US Federal Reserve has confirmed its stance of no rate hikes this year. Since, there will be less pressure from both the domestic and external fronts, we also anticipate that Bank Negara Malaysia will maintain the Overnight Policy Rate at 3.25 per cent in 2019 barring any surprises in domestic economic growth,” it added.
Despite a more subdued inflation outlook, RHB Research said the latest monetary policy statement in March offered little hint of an OPR cut in the near-term.
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