CGS CIMB expects the headline inflation to decelerate further for the rest of the year, as the full movement control order will likely keep the economy operating below its potential for an extended period of time, warranting an accommodative monetary policy.
Reiterating its annual inflation forecast for 2021 at 3.1 percent year-on-year , the research firm also expects Bank Negara Malaysia to maintain the overnight policy rate at 1.75 per cent for the second half of this year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: