Risk to Malaysia's Inflation Likely to Come From Fuel Subsidy Cut -- Market Talk

Dow Jones04-25

0804 GMT - The risk of higher inflation in Malaysia in coming months will likely come from when and how the government's fuel subsidies are cut, OCBC senior Asean economist Lavanya Venkateswaran says in a note. While the country's economy minister Rafizi Ramli mentioned that the government may make an announcement about the subsidy rationalization in coming weeks, Venkateswaran says she'll only assess possible consequences after the announcement. OCBC maintains its Malaysia 2024 CPI growth estimate at 2.5% for now and reckons Bank Negara will keep its benchmark interest rate unchanged at 3.0% through 2024.(yingxian.wong@wsj.com)

(END) Dow Jones Newswires

April 25, 2024 04:04 ET (08:04 GMT)

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While the country's economy minister Rafizi Ramli mentioned that the government may make an announcement about the subsidy rationalization in coming weeks, Venkateswaran says she'll only assess possible consequences after the announcement. OCBC maintains its Malaysia 2024 CPI growth estimate at 2.5% for now and reckons Bank Negara will keep its benchmark interest rate unchanged at 3.0% through 2024.(yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 25, 2024 04:04 ET (08:04 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430422039"}