KUALA LUMPUR, Jan 24 — Malaysia's 2024 gross domestic product (GDP) growth is expected to be resilient at 4.2 per cent year-on-year versus the forecast growth of 3.8 per cent in 2023 despite the weak external backdrop, according to OCBC Bank.

KUALA LUMPUR, Jan 24 — The ringgit is expected to stabilise against the US dollar at RM4.54-RM4.58 by the end of the year, driven by expectations of a softer greenback and lower US Treasury yields as the US Federal Reserve (Fed) embarks on a rate-cutting cycle in 2024.

KUALA LUMPUR, Nov 17 — Malaysia’s 2023 economic growth forecast remains at 4.0 per cent, rising to 4.5 per cent in 2024, said AmBank Group.

KUALA LUMPUR, Aug 18 — OCBC Bank sees no change in Bank Negara Malaysia’s (BNM) monetary policy stance for the rest of 2023 and into 2024 despite the lower-than-expected 2.9 per cent gross domestic product (GDP) growth recorded in the second quarter (2Q).

KUALA LUMPUR, July 4 — OCBC Bank expects Bank Negara Malaysia (BNM) to keep its overnight policy rate (OPR) unchanged at three per cent at the Monetary Policy Committee (MPC) meeting on Thursday (July 6), amid slowing growth momentum and easing inflationary pressures.

KUALA LUMPUR, June 23 — OCBC Bank expects the headline inflation to ease to 2.9 per cent in 2023 from 3.4 per cent in 2022, while core inflation remains stable at 3.0 per cent.

KUALA LUMPUR, May 13 — OCBC Bank has maintained its 2023 gross domestic product (GDP) growth forecast of 4.4 per cent for Malaysia, implying weaker growth for the rest of the year but still within Bank Negara Malaysia’s (BNM) four per cent to five per cent forecast range.

KUALA LUMPUR, May 3 — Bank Negara Malaysia’s (BNM) decision to raise the overnight policy rate (OPR) by 25 basis points shows that Malaysia’s economy is resilient, say economists.

KUALA LUMPUR, July 12 — Bank Negara Malaysia (BNM) is expected to increase the Overnight Policy Rate (OPR) by another 25 basis points this year, likely in the next Monetary Policy Committee (MPC) meeting on September 8, said OCBC Bank.

KUALA LUMPUR, March 5 — The ringgit is expected to continue its uptrend amid cautious sentiment due to global geopolitical tensions, trading between RM4.17 and RM4.18 against the US dollar next week, said an economist.

KUALA LUMPUR, Oct 13 — The next two weeks will be crunch time for Malaysia as it implements the conditional movement control order (CMCO) in Kuala Lumpur, Selangor, Putrajaya and Sabah, OCBC Bank said.