The central bank said on balance, both headline and core inflation are projected to average between 2.8 per cent and 3.8 per cent this year. theSun thesundaily BNM inflation MonetaryReview
: Despite moderating in the fourth quarter of 2022, headline inflation is expected to remain elevated in 2023, said Bank Negara Malaysia .
“After increasing for most of 2022, headline inflation has begun to moderate since the fourth quarter of 2022, mainly reflecting the moderation in global cost factors. “Existing domestic price controls and subsidies would also continue to partly contain inflationary pressures,” it said. “On the domestic front, if pent-up demand that had in part supported household spending in 2022 dissipates at a faster rate, inflationary pressures may abate,” it said.Meanwhile, the central bank said the developments of domestic financial markets and exchange rates would be influenced primarily by three key external risk factors, including the impact due to the reopening of China’s economy, which could lift sentiments towards regional financial markets.
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