Bank Negara expected to further tighten policy

PETALING JAYA: The continued rise in Malaysia’s core inflation leaves Bank Negara with little choice but to raise interest rates even higher.

The core inflation, which excludes administered and volatile price items, reached a new peak in October at 4.1% year-on-year (y-o-y), even though the country’s headline inflation has been moderating to 4% in the same month.