0903 GMT - UOB lowers Malaysia's 2024 inflation forecast to 1.9% from 2.0% after four months of weaker-than-expected inflation and pending further subsidy removal. UOB also cuts its projection for inflation in 2025 to 2.3% from 2.8%, economists Julia Goh and Loke Siew Ting write. These projections remain in line with the government's estimates of 1.5%-2.5% for 2024 and 2.0%-3.5% for 2025, they add. Given upside inflation risks and a challenging global outlook, they expect Bank Negara to keep its policy rate unchanged at 3.00% during its final 2024 meeting in November and throughout 2025. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
October 24, 2024 05:03 ET (09:03 GMT)
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