JPMorgan: Expects Malaysia to raise interest rates by 25 basis points in the fourth quarter

robot
Abstract generation in progress
Golden Finance reported that on June 29, JPMorgan currently expects the Bank of Malaysia to raise its policy benchmark interest rate by 25 basis points in the fourth quarter, while also raising the country’s economic growth outlook. In a research report, JPMorgan said it expects Malaysia’s economic growth to reach 5% in 2026, up from a prior estimate of 4.6%. Driven by a sharp increase in exports of technology products and non-technology goods, the country’s May trade surplus exceeded market expectations. With the recent implementation of the U.S.-Iran memorandum of understanding and a moderation of downside economic risks, JPMorgan believes Malaysia’s economy will maintain steady and sustained growth, which may lead Bank Negara Malaysia to raise interest rates by 25 basis points in the fourth quarter of 2026, tightening its loose monetary policy. JPMorgan had previously forecast that the bank would keep rates unchanged this year.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned