Malaysia: Inflation loses further traction in April – UOB – by pabspiovano Malaysia Inflation CPI Banks
UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting review the latest inflation figures in Malaysia.“Headline inflation recorded a small blip, as it eased to 3.3% y/y in Apr , marking an eighth straight month of deceleration and the lowest level since May 2022. The outturn matched our estimate and Bloomberg consensus.
“Manageable inflation expectations and slowing economic growth momentum will continue to give central bank breathing room to maneuver itsstance as we enter 2H23. Core inflation extended its downtrend and eased at a faster pace than headline inflation in Apr, reflecting the lagged effects of past interest rate hikes and cautious consumer sentiment in light of heightened uncertainty surrounding the global and domestic economy.
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