OCBC Bank expects headline inflation to ease to 2.9%, core inflation at 3% in 2023

KUALA LUMPUR: OCBC Bank expects the headline inflation to ease to 2.9 per cent in 2023 from 3.4 per cent in 2022, while core inflation remains stable at 3.0 per cent.

Senior Asean economist Lavanya Venkateswaran said this is within Bank Negara Malaysia’s (BNM) 2023 forecast of 2.8 per cent to 3.8 per cent range for headline and core inflation but underscores the stickiness of core inflation relative to headline inflation.