KUALA LUMPUR, Jan 12 ― AmBank Research is forecasting the Malaysian economy to grow by about 5.4 per cent this year following an estimated slower growth of 3.4 per cent in 2021.
“This has resulted in less restrictive measures since July 2021 that saw the reopening of most economic activities without the risk of further lockdowns,” it said in a note today. “Besides, any further Covid-19 related disruptions to supply chains further support the upside risks on inflation,” it said.
“BNM is expected to chart the pathway for higher interest rates in the second half of 2022, with one or two rate hikes by 25 basis points on each hike. Economic growth momentum, rising inflation and addressing interest rates differential would be the major factors supporting a rate hike,” it said.
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