Malaysia’s CPI advances at slowest pace in 42 months

Although the transaction was concluded at RM703.44 per sq ft (psf), a source said the special-purpose vehicle (SPV) created by the MoF to undertake the transaction had initially wanted

PETALING JAYA: Helped by an easier rise in the prices of fuels, Malaysia’s inflation moderated to its slowest pace in 42 months in August, lower than consensus estimates.

This, according to economists, strengthens expectations that Bank Negara will keep interest rates unchanged at the current “accommodative” level till the end of this year amid the need to balance between the risks of capital outflows and slower economic growth in the country.