RHB Investment lowers Malaysia’s 2024 inflation forecast to 2.6pc

  • 📰 malaymail
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 86%

RHB Investment Bank Bhd Nyheter

Sverige Senaste nytt,Sverige Rubriker

KUALA LUMPUR, June 25 — RHB Investment Bank Bhd has lowered its 2024 headline inflation projection for Malaysia to 2.6 per cent year-on-year (y-o-y) from the previous forecast of...

Home minister says eight nabbed for suspected terrorism a concern for spreading caliphate ideology, made police their No 1 target

“Our revision is founded on the marginal direct impact of diesel subsidy rationalisation on headline inflation and the delay in the implementation of RON95 petrol subsidy rationalisation to end-2024,” it said in a research note today. The bank’s research arm said that the direct impact of diesel subsidy float in Peninsular Malaysia would be marginal, with a potential upside on the headline inflation of less than 0.1 per cent.“The subsidies will continue for most of the diesel-powered commercial vehicles and public transportation.

“We view that the retargeting of the RON95 subsidy rationalisation might take form in a more gradual approach, as it involves a larger consumer base with a significant weightage of 5.5 per cent in the consumer price index basket,” it said. “Separately, oil prices will be underpinned by higher oil demand in tandem with acceleration of global activities coupled with policy induced supply cuts,” it added.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 1. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

RHB IB raises 2024 total industry volume forecast by 18pc on Perodua strengthKUALA LUMPUR, June 24 — RHB Investment Bank Bhd (RHB IB) has revised its total industry volume (TIV) forecast for 2024, increasing it by 18 per cent to 740,000 units from the...
Källa: malaymail - 🏆 1. / 86 Läs mer »

Malaysia expects Investment growth momentum to continue in 2024KUALA LUMPUR: Malaysia is optimistic that its investment growth momentum will continue in 2024 despite external challenges, said Investment, Trade and...
Källa: theSundaily - 🏆 25. / 51 Läs mer »

TechNave Business Bytes Week 5 May 2024: AI, Data Centers, TM Q1 2024, Xiaomi Q1 2024, E-Invoicing Drive Growth in Tech Industry and moreTechNave Business Bytes Week 5 May 2024: AI, Data Centers, TM Q1 2024, Xiaomi Q1 2024, E-Invoicing Drive Growth in Tech Industry and more
Källa: technavemy - 🏆 6. / 68 Läs mer »