Bank Negara Malaysia likely to adopt two rate hikes of 25 bps each in 2018, says ANZ research
Source: FxWire Pro - Commentary / 24 Nov 2017 05:31:31 Eastern Standard Time
Bank Negara Malaysia (BNM) is expected to adopt two rate hikes of 25 basis points each in 20108, with the first one in January 2018, according to a recent report from ANZ Research.
The downside surprise to October headline inflation was mainly due to a sharp sequential decline in food prices. However, core inflation remains steady suggesting that strong domestic demand is percolating through prices.
"We believe that the current growth-inflation mix makes a strong case for policy tightening," the report added.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest © FxWire Pro 2017. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.