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Bank Negara Malaysia likely to adopt two rate hikes of 25 bps each in 2018, says ANZ Research

Bank Negara Malaysia (BNM) is expected to adopt two rate hikes of 25 basis points each in 20108, with the first one in January 2018, according to a recent report from ANZ Research.

The downside surprise to October headline inflation was mainly due to a sharp sequential decline in food prices. However, core inflation remains steady suggesting that strong domestic demand is percolating through prices.

"We believe that the current growth-inflation mix makes a strong case for policy tightening," the report added.

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