Kenanga Research said Bank Negara still has room to lean towards further monetary easing in January to further support the economy if the Covid-19 containment measures were further tightened for a prolonged period.
PETALING JAYA: The sharp improvement in Malaysia’s gross domestic product (GDP) for the third quarter has led to optimism of growth in the fourth quarter, although this could now be slower than initially expected with the resurgence of Covid-19 cases.
Kenanga Research said Bank Negara still has room to lean towards further monetary easing in January to further support the economy if the Covid-19 containment measures were further tightened for a prolonged period.
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