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these factors are likely to have a transitory effect and inflation is expected to moderate and remain manageable for the rest of the year
dovish
forward looking
uncertain
2,005
134
tourist arrivals have continued to rise, further lifting the tourism-related sectors
dovish
not forward looking
certain
2,023
522
malaysias economic growth is expected to gain momentum in 2006, with the risk of inflation still remaining
dovish
forward looking
uncertain
2,006
422
the growth outlook remains subject to downside risks, mainly from further escalation of geopolitical tensions, higher-than-anticipated inflation outturns, and volatility in global financial markets
hawkish
forward looking
uncertain
2,024
239
furthermore, while exports of electrical and electronic products have contracted, net exports have remained firm, supported by stronger exports of commodities and resource-based manufactured goods
neutral
not forward looking
certain
2,008
996
while domestic demand in the emerging economies remains an important source of growth, the prolonged weakness in the external environment has begun to affect domestic economic activity in these economies
dovish
not forward looking
certain
2,013
146
meanwhile, most emerging economies, particularly in asia, continue to be affected by significant shifts in global liquidity, which have increased the risks to macroeconomic and financial stability
neutral
not forward looking
certain
2,011
218
an increasing number of indicators now signal an easing of inflationary pressures
dovish
not forward looking
certain
2,008
290
banking system liquidity remains sufficient
neutral
not forward looking
certain
2,017
783
following the adjustment of the interest rate, the level of the opr continues to be below its neutral level and therefore, the stance of monetary policy remains accommodative and supportive of the economy
dovish
forward looking
certain
2,005
473
in the advanced economies, growth will remain underpinned by strong labour market conditions and policy support
neutral
forward looking
certain
2,018
315
nevertheless, given the modest global growth prospects, pressures from global commodity prices are likely to be contained
dovish
forward looking
uncertain
2,013
815
this is expected to be partially offset by the overall lower global commodity and energy prices
neutral
not forward looking
certain
2,015
909
going forward, unresolved trade tensions remain a key source of risk, affecting global trade and investment activities
hawkish
forward looking
certain
2,019
934
while the prospects of monetary easing in the major economies have somewhat eased global financial conditions, heightened policy uncertainty could lead to excessive financial market volatility
hawkish
forward looking
uncertain
2,019
402
external factors, namely shifting expectations of major economies monetary policy paths and ongoing geopolitical tensions, have led to heightened volatility in both capital flows and exchange rates across the region, including the ringgit
hawkish
forward looking
uncertain
2,024
510
at the monetary policy committee mpc meeting today, bank negara malaysia decided to reduce the overnight policy rate opr by 75 basis points to 2.50 percent with immediate effect
neutral
not forward looking
certain
2,009
732
risks to the growth outlook, however, remain tilted to the downside due to external and domestic factors
neutral
forward looking
uncertain
2,021
26
the floor and ceiling rates of the corridor for the opr are correspondingly raised to 2.75 percent and 3.25 percent respectively
hawkish
not forward looking
certain
2,011
39
favourable labour market conditions in some countries continue to support consumption activity
dovish
not forward looking
certain
2,024
86
in this regard, bank negara malaysia will continue to provide liquidity to ensure the orderly functioning of the financial markets
dovish
forward looking
certain
2,017
47
these global developments have prompted authorities to provide significant liquidity support to the financial system, undertake financial sector resolution measures, as well as fiscal stimulus and monetary easing to support economic growth
dovish
forward looking
certain
2,008
807
the overall outlook remains subject to downside risks, primarily due to the risk of further resurgence of covid-19 infections which could lead to weaker business, employment and income conditions
dovish
forward looking
uncertain
2,020
957
for the malaysian economy, the advance gdp estimate points to an improvement in economic activity in the third quarter
dovish
forward looking
uncertain
2,023
903
headline inflation is projected to peak in 3q 2022 before moderating thereafter, due to dissipating base effects and in line with the expected easing of global commodity prices
hawkish
forward looking
uncertain
2,022
526
exports and retail spending indicators affirm the positive growth momentum, supported by the transition to endemicity
dovish
not forward looking
certain
2,022
933
the meeting also approved the schedule of mpc meetings for 2018
irrelevant
not forward looking
certain
2,017
454
household and capital spending will continue to be driven by stable labour market conditions and capacity expansion in key sectors such as manufacturing and services
dovish
forward looking
certain
2,019
606
looking ahead, despite the varying impacts of the significantly lower oil prices on economies, the overall global economy is expected to benefit from this development
dovish
forward looking
uncertain
2,015
941
while there have been improvements in the advanced economies, the recovery has been modest and uneven
neutral
not forward looking
certain
2,014
298
while this will pose a risk to the malaysian growth outlook, the strength of domestic fundamentals will have a mitigating role in reducing the impact
dovish
forward looking
certain
2,007
702
regional economies have also recorded a sharp economic slowdown in the first quarter
neutral
not forward looking
certain
2,009
142
for the malaysian economy, latest indicators show that economic activity strengthened further in the third quarter, driven primarily by robust domestic demand
dovish
not forward looking
certain
2,022
273
the growth outlook remains subject to downside risks, mainly from an escalation of geopolitical tensions, higher-than-anticipated inflation outturns, and volatility in global financial markets
hawkish
forward looking
uncertain
2,024
943
in addition, the domestic economy maintains its underlying fundamental strength, with steady economic growth, low unemployment and current account surplus of the balance of payments
dovish
not forward looking
certain
2,018
223
the growth outlook is subject to downside risks from weaker-than-expected external demand and larger declines in commodity production
neutral
forward looking
uncertain
2,024
154
investment activity would be supported by continued progress of multi-year infrastructure projects, and implementation of catalytic initiatives under the national master plans
dovish
forward looking
uncertain
2,023
103
in asia, growth has been sustained by improvements in export performance amid moderating domestic economic activity
neutral
not forward looking
certain
2,013
724
the inflation rate, as measured by the consumer price index, rose by 1 in the first four months of 2004
hawkish
not forward looking
certain
2,004
369
the international economic and financial conditions have deteriorated much more significantly in the recent period
dovish
not forward looking
certain
2,009
502
these factors more than offset the support from positive labour market conditions, and the full reopening of most economies and international borders
neutral
not forward looking
certain
2,022
44
with some excess capacity in the economy, the strength of domestic demand is not expected to result in inflationary conditions
dovish
forward looking
uncertain
2,012
532
these contractionary factors have been exacerbated by the protracted turmoil in the international financial markets
hawkish
not forward looking
certain
2,009
106
headline and core inflation remain modest, averaging 1.8 year-to-date
neutral
not forward looking
certain
2,024
558
the growth outlook remains subject to downside risks, mainly from higher-than-anticipated inflation outturns, an escalation of geopolitical tensions, and a sharp tightening in financial market conditions
hawkish
forward looking
uncertain
2,023
259
the growth outlook remains subject to downside risks, mainly from further escalation of geopolitical tensions, heightened volatility in global financial markets and slower growth momentum in major economies
hawkish
forward looking
uncertain
2,024
616
at the monetary policy committee mpc meeting today, bank negara malaysia decided to reduce the overnight policy rate opr to 3.25 percent
hawkish
not forward looking
certain
2,008
114
overall, the malaysian economy is expected to remain on a steady growth path
neutral
forward looking
uncertain
2,018
795
given the uncertainties surrounding the pandemic, the stance of monetary policy going forward will be determined by new data and information, and their implications on the overall outlook for inflation and domestic growth
neutral
forward looking
uncertain
2,021
338
the current heightened financial market volatility and uncertainties also pose additional downside risks to global growth
hawkish
not forward looking
uncertain
2,016
155
the recent announcements by the government have provided more clarity on fiscal and economic development policies
neutral
not forward looking
certain
2,018
186
the future thrust of monetary policy would depend on new information and our assessment of the change in the balance of risks to the medium term outlook for inflation and growth
neutral
forward looking
uncertain
2,008
222
for the malaysian economy, the latest indicators point towards sustained strength in economic activity in the second quarter of 2024, driven by resilient domestic expenditure and better export performance
dovish
forward looking
certain
2,024
162
at its meeting today, bank negara malaysias monetary policy committee mpc decided to leave the overnight policy rate opr unchanged at 3.50 percent
neutral
not forward looking
certain
2,006
862
looking ahead, the global economy is expected to continue on a moderate recovery path
neutral
forward looking
uncertain
2,015
87
sizeable fiscal and monetary stimulus in several major economies continue to support the recovery momentum
dovish
not forward looking
certain
2,021
569
while economic activity in the advanced economies has generally improved, growth in these economies is still expected to remain modest
dovish
forward looking
uncertain
2,010
164
on the external front, the expected improvement in exports will provide some support to growth
dovish
forward looking
uncertain
2,017
90
the malaysian economy has been adversely impacted by these global developments
hawkish
not forward looking
certain
2,009
843
while the risks of destabilising financial imbalances are contained, the mpc will monitor these risks to ensure the sustainability of the overall growth prospects
neutral
forward looking
certain
2,017
945
banking system liquidity remains ample
neutral
not forward looking
certain
2,017
775
positive developments in manufacturing production, financing activity, external trade and labour market conditions reaffirm the assessment that the economic recovery is gaining strength
dovish
forward looking
certain
2,010
762
for the malaysian economy, the latest indicators point towards sustained strength in economic activity driven by resilient domestic expenditure and higher export activity
dovish
forward looking
certain
2,024
354
additionally, the reopening of international borders since 1 april 2022 would facilitate the recovery in tourism-related sectors
dovish
forward looking
certain
2,022
748
the ceiling and floor rates of the corridor of the opr are correspondingly increased to 2.75 percent and 2.25 percent, respectively
hawkish
not forward looking
certain
2,022
29
the global economy registered a stronger than expected recovery in the first quarter, underpinned by favourable growth performance in emerging market economies and some of the advanced economies
dovish
not forward looking
certain
2,010
840
the degree of impact to the economy is highly dependent on the stringency and duration of containment measures
neutral
forward looking
uncertain
2,021
544
headline inflation is expected to moderate in 2012 with improved domestic supply and stable demand conditions
dovish
forward looking
uncertain
2,012
287
for the malaysian economy, latest indicators are in line with expectations, suggesting moderate expansion of economic activity for the third quarter
neutral
forward looking
uncertain
2,019
727
labour market conditions have also improved in many countries
dovish
not forward looking
certain
2,022
703
the expedited roll-out of mass vaccination programmes, together with ongoing policy support, are expected to lift global growth prospects going forward
dovish
forward looking
certain
2,021
626
however, greater uncertainties in the credit markets and weaker demand conditions in some of the large industrial economies have heightened the risk of slower global growth and its potential implications on the domestic economy
hawkish
not forward looking
uncertain
2,007
446
consequently, inflation is projected to be lower at 2 3 percent in 2016, compared to an earlier projection of 2.5 3.5 percent, and continue to remain stable in 2017
dovish
forward looking
uncertain
2,016
207
overall domestic financial conditions have remained stable
dovish
not forward looking
certain
2,016
466
the trajectory of headline inflation will be dependent on global oil and commodity price developments and the timing of the lifting of the domestic retail fuel price ceilings
neutral
forward looking
uncertain
2,020
605
in most of asia, while there has been a moderation in growth, domestic demand continues to support economic activity
dovish
not forward looking
certain
2,015
75
going forward, the degree of monetary accommodation may need to be adjusted to ensure that the risks arising from the accumulation of these imbalances would not undermine the growth prospects of the malaysian economy
neutral
forward looking
uncertain
2,014
16
domestic supply and cost factors are expected to contribute to higher prices
hawkish
forward looking
uncertain
2,013
428
notwithstanding the heightened financial market volatility, the domestic monetary and financial conditions remain supportive of economic growth
dovish
not forward looking
certain
2,018
98
given the improvement in economic activity amid lingering cost pressures, underlying inflation, as measured by core inflation, is expected to trend higher to average between 2.0 - 3.0 in 2022
dovish
forward looking
certain
2,022
960
household spending will be underpinned by sustained improvements in employment and income prospects
dovish
forward looking
certain
2,023
485
global energy and food prices have risen sharply since the beginning of the year from their already high levels
hawkish
not forward looking
certain
2,008
538
in the domestic economy, a broad set of indicators suggests robust expansion in the fourth quarter of 2012
dovish
forward looking
certain
2,013
572
despite the challenging global and domestic environment, the malaysian economy expanded by 4.2 in 2016
neutral
not forward looking
certain
2,017
61
the risks to the malaysian economy are primarily from the external sector
neutral
not forward looking
certain
2,008
689
greater volatility in the international financial markets and monetary policy normalisation in the advanced economies could lead to further capital outflows and financial market adjustments in emerging economies
dovish
forward looking
uncertain
2,018
615
the risk to domestic price stability is now substantially reduced
neutral
not forward looking
certain
2,008
976
leading indicators, however, point to a softening of the near term global economic outlook, with considerable downside risks remaining primarily from prolonged trade tensions
dovish
forward looking
uncertain
2,019
260
while domestic monetary and financial conditions remain supportive of economic growth, there are some signs of tightening of financial conditions
hawkish
forward looking
uncertain
2,019
948
this is also supported by the favourable labour market conditions, positive consumer and business sentiments, low inflation and conducive credit conditions
dovish
forward looking
certain
2,010
518
coming off a strong performance in 2022, growth in 2023 is expected to moderate amid a slower global economy
neutral
forward looking
uncertain
2,023
779
on the external side, the global economy is expected to show continued growth in 2005, despite some moderation in that growth rate
neutral
forward looking
uncertain
2,005
46
recent adjustments in the financial markets, though short-lived, indicate that volatility may reemerge
hawkish
forward looking
uncertain
2,018
527
going forward, downside risks to the domestic economy continue to stem from a weaker-than-expected global growth, further escalation of geopolitical conflicts, and worsening supply chain disruptions
hawkish
forward looking
certain
2,022
377
however, these have been partly offset by the impact from rising cost pressures, the military conflict in ukraine and strict containment measures in china
neutral
not forward looking
certain
2,022
5
going forward, the bank will maintain its focus on the medium term outlook for inflation and growth, and will carefully assess global and domestic developments in setting the stance of monetary policy
neutral
forward looking
certain
2,008
956
the malaysian economy continued on a steady growth path, with real gross domestic product increasing by 5.8 in the third quarter
neutral
not forward looking
certain
2,006
864
domestic investment activity which has been robust will continue to be led by capital spending in the domestic-oriented industries and the ongoing implementation of infrastructure projects
dovish
forward looking
certain
2,013
861
this suggests that the global economic recovery will likely remain uneven in the near-term
neutral
forward looking
uncertain
2,020
48
economic activity in the advanced economies has shown broader signs of stabilisation, supported by the impact of policy measures implemented and an improvement in consumer sentiment and business confidence
neutral
not forward looking
certain
2,009
256