BEAMSTART Logo

Inflation forecast to trend higher in 2H24

The Star LogoThe Star2d ago

Inflation forecast to trend higher in 2H24 - The Star

Quick Summary:

PETALING JAYA: Malaysia’s inflation is expected to trend higher in the second half of 2024 (2H24), mainly due to the recent diesel subsidy reforms.

CGSI Research said Bank Negara appears to remain unsure about the “extent of spillover effect” of the present and upcoming price adjustments.“This limits the central bank’s thorough assessment, at least for now,” it said.

TA Research said the decision to maintain the OPR was within expectations.“Our current projection indicates a likelihood that Bank Negara will maintain the OPR at 3% throughout 2024.“This forecast is grounded in the assessment that Malaysia’s economy is still in the process of regaining robust momentum and faces potential downside risks.


More Pictures

Inflation forecast to trend higher in 2H24 - The Star (Picture 1)

or

Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 00:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 790 words

Reading Time: 5 minutes read

Sentences: 18 lines

Sentence Length: 44 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21616531

View Article Analysis

About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 52 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 38 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Inflation forecast to trend higher in 2H24" has 790 words across 18 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Which news outlet covered this story?

The story "Inflation forecast to trend higher in 2H24" was covered 2 days ago by The Star, a news publisher based in Malaysia.

How trustworthy is 'The Star' news outlet?

The Star is a fully independent (privately-owned) news outlet established in 1971 that covers mostly economy and business news.

The outlet is headquartered in Malaysia and publishes an average of 52 news stories per day.

It's most recent story was published 38 minutes ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #21616531
  • URL: https://beamstart.com/news/inflation-forecast-to-trend-higher-17209993635404

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.