Malaysia: Soft inflation on volatile food items – ANZ

ANZ analysts note that inflation in Malaysia undershot expectations at 1.1% y/y in September.

Key Quotes

“The data continue to underscore our view that the current pace of economic activity is insufficient to generate meaningful price pressures, a trend that we expect to extend into the coming months.”

“We expect a cut early next year, given challenges to growth on both the domestic and external fronts.”