Friday 29 Mar 2024
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KUALA LUMPUR (Feb 26): AmBank Group Research expects Malaysia's January inflation, which will be announced this week, to be at 2.8% year-on-year compared to 3.2% in January 2017 and December's 3.5%.

In a Global Markets strategy note today, AmBank group chief economist and head of research Anthony Dass said inflation, to some extent, will be softened due to the stronger USD/ringgit, averaging at 3.96 (January 2017 average was 4.46) which should have lowered some level of the import cost.

"Meanwhile, the average oil prices in January was US$63.55 per barrel (pb) for WTI (January 2017: US$52.65) and US$68.98 pb for Brent (January 2017: US$55.51 pb)," he said.

 

 

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