{"id":33995,"date":"2023-08-28T09:35:00","date_gmt":"2023-08-28T09:35:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2023\/08\/28\/malaysias-latest-inflation-data-came-in-below-market-expectations-which-may-allow-bnm-to-maintain-a-softer-monetary-policy\/"},"modified":"2023-08-28T09:35:00","modified_gmt":"2023-08-28T09:35:00","slug":"malaysias-latest-inflation-data-came-in-below-market-expectations-which-may-allow-bnm-to-maintain-a-softer-monetary-policy","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2023\/08\/28\/malaysias-latest-inflation-data-came-in-below-market-expectations-which-may-allow-bnm-to-maintain-a-softer-monetary-policy\/","title":{"rendered":"Malaysia’s latest inflation data came in below market expectations, which may allow BNM to maintain a softer monetary policy"},"content":{"rendered":"

\n<\/p>\n

\n

KUALA LUMPUR, MALAYSIA –
\nMedia OutReach<\/a> – 28 August 2023 – According to the Department of Statistics statement on August 25, Malaysia’s annual consumer inflation fell to 2% in July 2023, a decline from June’s 2.4%. It has shown a moderating trend since January with its 3.7%. This trend can be attributed to slower price increases for food and non-alcoholic beverages, as well as restaurant and hotel services.<\/p>\n

\u2018Inflation rate in Malaysia has now dropped to a two-year low,\u2019 said Kar Yong Ang, the OctaFX financial market analyst, adding that \u2018such a decline cannot be ignored by BNM, which will have to signal a weakening of monetary policy or revise the annual inflation forecast.\u2019\n<\/p>\n

The Malaysian ringgit weakened after the CPI report came out, trading at around 4.643 against the U.S. dollar. \u2018Nevertheless, the technical picture suggests that USDMYR may decline by 3% in the short term, driven by market expectations of BNM monetary policy easing\u2019, said Kar Yong Ang. \u2018The key target for USDMYR is in the range of 4.500-4.520\u2019, he added.\n<\/p>\n

Malaysia’s economic landscape creates a favourable environment marked by growing domestic demand and rising employment. Coupled with lower inflation, this makes a strong background for the national currency to grow throughout the current year.\n<\/p>\n

Hashtag: <\/b>#OctaFX<\/p>\n

\n The issuer is solely responsible for the content of this announcement.<\/em>\n <\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

KUALA LUMPUR, MALAYSIA – Media OutReach – 28 August 2023 – According to the Department of Statistics statement on August 25, Malaysia’s annual consumer inflation fell to 2% in July 2023, a decline from June’s 2.4%. It has shown a moderating trend since January with its 3.7%. This trend can be attributed to slower price …<\/p>\n","protected":false},"author":1,"featured_media":33996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/33995"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=33995"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/33995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/33996"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=33995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=33995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=33995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}