![]() ![]() ![]() with their latest time deposit rates from Sing Investments & Finance offering up to 3.35 p.a. The Monetary Policy Committee will convene six times next year. with their latest fixed deposit promo till 30 Nov Maybank S’pore offering up to 2.65 p.a. The annual inflation rate in Malaysia edged down to 1.9% in September, the lowest reading since March 2021, from 2.0% in August. Of note, the government’s intention to review price controls and subsidies next year will affect the outlook for inflation and demand conditions. Risks to the inflation outlook remain highly subject to changes to domestic policy on subsidies and price controls, as well as global commodity prices and financial market developments. Policymakers noted that headline and core inflation had moderated and that cost pressures were expected to remain modest heading into 2024. The board mentioned that the current monetary policy stance remains supportive of the economy and is consistent with the current assessment of inflation and growth outlook. Malaysia's central bank kept its overnight policy rate unchanged at 3% for the third successive meeting in November 2023, aligning market expectations.
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