The statistics department’s advance estimate shows Malaysia’s economy expanded by 5.3% in Q3 2026.
Earlier today, the statistics department, in its Advance GDP Estimates for Q3 2026 report, said the economy expanded by 5.3% in Q3, after registering 6% growth in the preceding quarter.
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid told Bernama that the latest announcement suggests the Malaysian economy remains fairly resilient.
“It would not be a surprise if the whole-year GDP comes in higher than the current projection of 4.8% to 5.3%, with the nine months of 2026 (M9 2026) GDP growth already at 5.5%.
“We sense that the anticipation for a normalisation in overnight policy rate (from the pre-emptive cut in July 2025) would gather pace in light of the current growth trajectory,” he said.
At 6pm, the ringgit rose to 4.0795/4.0835 against the greenback from yesterday’s close of 4.0800/4.0835.
At the close, the ringgit traded mostly lower against a basket of major currencies.
It increased against the Japanese yen to 2.5831/2.5895 from 2.5869/2.5892 at yesterday’s close but decreased against the euro to 4.5911/4.5956 from 4.5761/4.5801 and inched down against the British pound to 5.4396/5.4449 from 5.4101/5.4147.
Against its Asean peers, the local currency gained against the Indonesian rupiah to 226.3/226.6 from 227.4/227.7 and edged down against the Philippine peso at 6.48/6.49 from 6.47/6.48.
It was lower against the Singapore dollar at 3.1889/3.1922 from 3.1818/3.1848 at yesterday’s close and decreased against the Thai baht to 12.2101/12.2268 from 12.1758/12.1914. - FMT
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.