RHB Investment Bank

Money Moves

Maintains 2026 GDP growth forecast of 5.4%; expects Bank Negara Malaysia to hold rates at 2.75% 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.

Updated Yesterday