KUALA LUMPUR, Jan 20 ― Bank Negara Malaysia may refrain from any rate cut in 2022 due to a better outlook for economic recovery, said OCBC Bank.
“Apart from the domestic inflation outturn, perhaps what matters more ultimately will be the global market sentiment. Touching on inflation, Ling said core inflation is expected to remain low at below one per cent for this year, while headline inflation is projected to remain moderate in 2022. “The government is pencilling in growth of 5.5 to 6.5 per cent in 2022, which strikes us as being rather optimistic, especially given the lingering structural headwinds facing consumption recovery,” she said.
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