CIMB Treasury and Markets Research

Money Moves

Sees modest overshoot of its 5.0% 2026 growth forecast; expects Bank Negara Malaysia to hold rates in November

Malaysia's economy grew 5.3% in the third quarter, beating the 5.1% median forecast in a Bloomberg survey of economists. The advance estimate from the Department of Statistics, released October 16, shows manufacturing accelerating to 7.5% on global demand for AI chips; mining was the only major sector to contract.

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