Economics
Quickening Malaysia Growth Supports BNM’s Rate-Hike Move
- Malaysia GDP expands 5% in 1Q, full-year growth seen 5.3%-6.3%
- Analysts see another interest rate hike as early as July
Shoppers at a market in Kuala Lumpur.
Photographer: Ian Teh/BloombergThis article is for subscribers only.
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Malaysia’s economy grew at a faster-than-expected pace in the first quarter of the year, vindicating the central bank’s hawkish pivot to fight inflationary pressures.