HLIB Research said heightened uncertainty surrounding the global economy and ongoing geopolitical conflicts, however, continue to pose headwinds.
KUALA LUMPUR: Hong Leong Investment Bank Research (HLIB Research) continues to expect Malaysia’s economic momentum to be sustained this year, driven mainly by domestic demand.
Nevertheless, heightened uncertainty surrounding the global economy and ongoing geopolitical conflicts continue to pose headwinds, the investment bank said.
“As we closely monitor global developments, we maintain our 2025 gross domestic product forecast at 4.9% year-on-year (y-o-y) and the expectation for Bank Negara to keep the overnight policy rate (OPR) steady at 3%,” the research house said in a note.
According to HLIB Research, monetary indicators softened in February, narrow money supply and broad money supply slowed to 3.4% (January 2025: 3.8%) and 2.5% (January 2025: 3.3%), respectively, y-o-y.
Reserve money also moderated to 4.9% (January 2025: 6.8%) y-o-y. — Bernama
