OCBC Revises Malaysia’s Monetary Policy Forecast

Quick Summary:

Malaysia’s economy expanded by 4.4% year-on-year in the first quarter of 2025, matching advance estimates, but signs of a broader slowdown have prompted OCBC Bank to revise its monetary policy forecast, bringing forward expectations of Bank Negara Malaysia (BNM) rate cuts to the second half of this year.

On the supply side, downward revisions were made to growth in the manufacturing, construction, and services sectors, although the construction and services sectors remained relatively resilient.

BNM Governor Tan Sri Abdul Rasheed Ghaffour commented that the central bank “has the policy space to act if needed,” signaling readiness to support the economy if conditions deteriorate.

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Article Details

Author / Journalist: Editor

Category: EconomyBusiness

Markets: Malaysia

Topics: GDP Trade News BNM

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-16 @ 10:46:26 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 679 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Business Today

News ID: 28744363

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