UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting give their opinion on the latest set of inflation figures in Malaysia. Key Quotes “Consumer price deflation narrowed for the second straight month to -1.3% y/y in July (from -1.9% y/y in Jun) as household consumption and domestic tourism activities continued to recover after the relaxation of Movement Control Order (MCO). This resulted in a -0.9% deflation in the first seven months of 2020 (vs. +0.3% y/y in Jan-Jul 2019).” “We expect deflation to continue its easing trend over the next few months as the domestic economy recovers and commodity prices stabilise. Thus, we keep our 2020 full-year CPI projection at -0.5% (BNM forecast: -1.5% to +0.5%) with volatile global oil prices a wildcard. Underlying inflation is also projected to be kept in check and in line with a gradual improvement in domestic demand conditions amid still high unemployment.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI trades in tight range above $42 ahead of EIA data FX Street 2 years UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting give their opinion on the latest set of inflation figures in Malaysia. Key Quotes “Consumer price deflation narrowed for the second straight month to -1.3% y/y in July (from -1.9% y/y in Jun) as household consumption and domestic tourism activities continued to recover after the relaxation of Movement Control Order (MCO). This resulted in a -0.9% deflation in the first seven months of 2020 (vs. +0.3% y/y in Jan-Jul 2019).” “We expect deflation to continue its easing trend over the next few months as the domestic economy recovers and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
