Business Daily Media

Men's Weekly

.

OctaFX: August inflation data may give more power to the ringgit

Malaysia's sharp decline in inflation is likely to stop: August figures will likely remain at 2.0%. Against the backdrop of monetary policy easing, this may support the ringgit. Kar Yong Ang, the OctaFX financial market analyst, shares his opinion.

  • Inflation in Malaysia slowed to 2.0% in July. Annual consumer inflation is expected to remain unchanged in August.
  • Due to economic growth and easing inflation, Malaysia's central bank kept its benchmark interest rate unchanged at the last meeting.
  • In the current economic conditions, USDMYR will decline towards 4.520 and possibly lower.
KUALA LUMPUR, MALAYSIA - Media OutReach - 20 September 2023 - The Department of Statistics Malaysia (DOSM) will release monthly inflation data on 22 September. OctaFX experts suggest that August's annual consumer inflation will likely remain at 2.0%.

According to official data released last month, Malaysia's annual inflation rate slowed to 2.0% in July from 2.4% in June. Lower inflation rates were recorded in Food and non-alcoholic beverages (4.4% in July from 4.7% in June) and Restaurants and hotels (5.0% in July from 5.4% in June). Overall, Malaysia's inflation rate of 2.0% was lower than that of neighbouring regions, with July inflation in Indonesia, the Philippines, and Singapore standing at 3.1%, 4.7%, and 4.1%, respectively.

The Central Bank of Malaysia is satisfied with the reduction in inflation and kept its benchmark interest rate unchanged at the last monetary policy meeting as economic growth and inflation continued to ease.

'We see the continued growth of the Malaysian economy,' said Kar Yong Ang. 'With low consumer inflation and a signal from Malaysia's central bank that the ringgit continues to demonstrate its strength, we tend to assume that USDMYR will decline towards 4.520 and possibly lower,' he added.


The issuer is solely responsible for the content of this announcement.

About OctaFX

is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries who have opened more than 42 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

In the APAC region, OctaFX captured the ‘Best Forex Broker Malaysia 2022’ and the ‘Best Global Broker Asia 2022’ awards from Global Banking and Finance Review and International Business Magazine, respectively.


News from Asia

BK8 Gresini Racing MotoGP Heads to Sepang After Historic Double Podium in Indonesia

SEPANG, MALAYSIA - Media OutReach Newswire - 23 October 2025 - BK8 Gresini Racing MotoGP arrives at the Petronas Grand Prix of Malaysia riding momentum from a historic double-podium fin...

Ecube Car Rental Expands Car Rental Fleet to Meet Growing Demand in Singapore

SINGAPORE - Media OutReach Newswire - 23 October 2025 - Ecube Car Rental, a leading provider of car leasing solutions in Singapore, has expanded its rental fleet with a range of new models to ...

HGC wins "The Outstanding Award of ESG 2025"

Uunderscoring HGC’s Dedication to Embed ESG into Business Operation HONG KONG SAR - Media OutReach Newswire - 23 October 2025 - HGC Global Communications ("HGC" or the "Group"), a fully-fledged ...

Chinese Cosmetics Companies Sweep Awards at 2025 INPD in Paris

BEIJING, CHINA - Media OutReach Newswire - 21 October 2025 - On October 15-16, the annual global beauty innovation event, the 2025 INPD was held in Paris, France. From unveiling of the INPD awards...

Dah Sing Bank New Personal Loan Plan with Ultra-Low Interest Rates

Extra HKD200 Supermarket Coupon for New-to-Bank Customers HONG KONG SAR - Media OutReach Newswire - 23 October 2025 - To help customers take advantage of the low interest rate environment, Dah Sin...

Galaxy Macau Strikes Gold at the Tatler Best Awards with 8½ Otto e Mezzo BOMBANA and Long Bar Named Among Asia-Pacific’s Finest

Michelin-starred 8½ Otto e Mezzo BOMBANA recognized for the second year running while Long Bar makes the prestigious list just one year after opening MACAU SAR - Media OutReach Newswire - 23 Octob...

Hongkong Land pioneers Hong Kong's first tempered and laminated glass recycling solution at Tomorrow’s CENTRAL

Key highlights include: Hongkong Land originates a groundbreaking closed-loop circular economy initiative in partnership with Gammon Construction and The Hong Kong Polytechnic University, ...

Hong Kong-Rooted Adbrownies Group Strides Toward 25th Anniversary

Achieving More Than Fourfold Billed Revenue Growth in 2024 HONG KONG SAR - Media OutReach Newswire - 23 October 2025 - Adbrownies Group, a trailblazing creative consultancy, has shattered expectat...

Fuel the Future of Riding: Motul Expands GP Series with Launch of GP Next 4T

SINGAPORE - Media OutReach Newswire - 23 October 2025 - Motul, a global leader in high-performance lubricants and a longstanding partner of MotoGP™, proudly announces the launch of the GP Next 4...

Primech AI and Savills Launch HYTRON Autonomous Cleaning Robots in Hong Kong and Macau

SINGAPORE - Media OutReach Newswire - 23 October 2025 - Primech Holdings Ltd. (Nasdaq: PMEC), a leader in AI-powered hygienic robotics, and Savills Property Management Ltd. ("Savills") are proud t...

Thryv wins national accolade at 2025 Australian Service Excellence Awards

  Thryv® (NASDAQ: THRY), Australia’s provider of the leading small business marketing and sales software platform, announced that Greg Nicolle, G...

pay.com.au unveils first-of-its-kind FX rewards feature, becoming the most flexible rewards solution for Aussie businesses

pay.com.au, the end-to-end payments and rewards platform, today announced the launch of International Payments, Australia’s first foreign exchange...

Yellow Canary partners with Celery to bring pre-payroll assurance technology to Australia

Wage underpayment headlines continue to put pressure on employers of all sizes, revealing how costly payroll mistakes can be for small and medium bu...

Brennan Bolsters Leadership to Accelerate Next Growth Chapter

In a move to further embed cybersecurity at the heart of its business strategy and deliver sovereign secure-by-design solutions for its customers, A...

How to Be Investable: Insights from Richelle Nicols, CEO of Pollinatr

Richelle Nicols is the CEO of Pollinatr, a pioneering investment and business development program designed to support and accelerate the growth of s...

What Can Australian SMEs Hope For in a Meeting Between Albanese and Trump?

For small and medium-sized enterprises (SMEs) in Australia, international politics might seem distant—but when leaders like Prime Minister Anthony...