Prakash Sakpal, economist at ING, Malaysia’s consumer price index (CPI) inflation was back in positive territory in March, but the 0.2% year-on-year rise was smaller than the consensus median of 0.3%. Key Quotes “This followed two months of negative inflation; -0.7% YoY in January and -0.4% in February.” “The seasonal post-Lunar New Year retracement of the food component, which fell 0.5% month-on-month, was a source of downside inflation surprise this time. But, barring this seasonal dip, the low base effect has started to benefit the food component in its return as the key inflation driver in the months ahead. Indeed, the 1.1% YoY rise in food was the steepest in four months.” “Average CPI in the first three months of the year is still down 0.3% from a year ago. We maintain our 1% annual inflation forecast for 2019, which is at the low end of the central bank’s (BNM) 0.7-1.7% forecast range for this year. Persistently low inflation has brought central bank (BNM) monetary easing back on the table for the next policy meeting on 7 May, when we expect a 25 basis point cut in the overnight policy rate to 3.00%.” 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 Gold recovers early lost ground, holds stable above $1270 level FX Street 4 years Prakash Sakpal, economist at ING, Malaysia's consumer price index (CPI) inflation was back in positive territory in March, but the 0.2% year-on-year rise was smaller than the consensus median of 0.3%. Key Quotes "This followed two months of negative inflation; -0.7% YoY in January and -0.4% in February." "The seasonal post-Lunar New Year retracement of the food component, which fell 0.5% month-on-month, was a source of downside inflation surprise this time. But, barring this seasonal dip, the low base effect has started to benefit the food component in its return as the key inflation driver in the months ahead. Indeed,… 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.
