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Malaysia: Balanced macro profile supports Ringgit – MUFG
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FXStreet Forex & Commodities News
MUFG notes Malaysia remains one of Asia’s stronger-performing economies, with above-trend growth, low inflation and robust external demand, especially in electronics.
Growth, inflation and policy stability"Despite a tougher external backdrop, Malaysia remains one of the stronger-performing economies in Asia.
"The combination of above-trend growth and moderate inflation provides Malaysia with one of the more balanced macroeconomic profiles in the region.
We expect BNM to maintain a neutral policy stance and keep the Overnight Policy Rate unchanged at 2.75%.
"Higher energy prices could actually improve oil related government revenues given Malaysia's status as a net energy exporter.