Inflation Rate In Malaysia 2024 Forecast. Malaysia’s headline inflation is expected to average between two per cent and 3.5 per cent in 2024, even with the implementation of fuel subsidy rationalisation, according to bank negara malaysia (bnm) economic. Most research houses projected malaysia’s headline inflation rate to range between 2.5% and 3.3% in 2024, while the expectation is for bnm to maintain its overnight policy rate at 3% throughout the year.
Midf research has revised downward its headline inflation rate forecast for 2024 to 2.7 per cent from 3.2 per cent earlier on expectation of gradual phases of targeted fuel subsidy implementation and moderating food. The asian development bank (adb) has forecast malaysia’s economy to grow 4.7% this year, and 4.9% in 2024.
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