Malaysia’s lower-than-expected consumer prices in July have prompted more analysts to downgrade their inflation forecasts for the year, giving the central bank space to continue supporting economic growth.
Analysts at Maybank Investment Bank Bhd. and RHB Bank
Bhd. trimmed their annual inflation projections for Malaysia to 2% and 2.1%, respectively, from 2.4% and 2.6%, after consumer prices undershot estimates for the second straight month. They joined United Overseas Bank Ltd. and Kenanga Investment Bank Bhd., who lowered their forecasts last month.
