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

HKPC Makes Its Debut at China International Industry Fair 2025

Leading Future Manufacturing with AI Taking 54 Hong Kong Enterprises to Explore Overseas Opportunities HONG KONG SAR - Media OutReach Newswire - 15 September 2025 - Hong Kong Productivity Counc...

PAObank and China Ping An Insurance (Hong Kong) Launch Strategic Partnership, Bringing Integrated Banking and Insurance Solutions, Shaping a Digital Bank with Insurance DNA

PAObank 5th Anniversary Treasure Reward UNLOCK High-Interest Time Deposit and Travel Insurance All in OneHONG KONG SAR - Media OutReach Newswire - 15 September 2025 - PAO Bank Limited ("PAObank")...

MINT Incorporation Limited Announces the Launch of New Subsidiary, Axonex Intelligence Limited, Expanding into Smart Facility Management Solutions

HONG KONG SAR - Media OutReach Newswire - 15 September 2025 - MINT Incorporation Limited (NASDAQ: MIMI) ("MINT" or the "Company"), a leading Hong Kong-based provider of integrated interior design...

Merlin Entertainments' LEGOLAND® Discovery Centre Hong Kong Halloween Special Event: "Monster Party" Unleashes a Brick-or-Treat Adventure

HONG KONG SAR - Media OutReach Newswire - 16 September 2025 - From now until 2 November 2025, LEGOLAND® Discovery Centre Hong Kong, part of Merlin Entertainments Group, invites LEGO® fans of all a...

Allianz Trade in Asia Pacific appoints CEO for Hong Kong Hub

HONG KONG SAR - Media OutReach Newswire - 16 September 2025 - Allianz Trade in Asia Pacific is pleased to appoint Hassan Omaish to the role of CEO for Hong Kong, South Korea and Taiwan (collectiv...

Parisian Luxury Debuts in Bangkok: Rabbit Holdings, under BTS Group, in cooperation with Ananda Unveil "THE RESIDENCES 38" Bangkok’s Ultra-Luxury Condominium with First-Ever Private Fine Dining Kitchen—Together with La Clef Bangkok by The Crest Collection

The French Art de Vivre comes to Sukhumvit 38, combining the ultra-luxury living of The Residences 38, the refined hospitality of La Clef Bangkok by The Crest Collection, and exclusive private dini...

Hongkong Land's BaseHall becomes Hong Kong’s first F&B venue to achieve "Triple Platinum" green building certifications

Hongkong Land sets a new industry benchmark in F&B sustainability, achieving platinum certifications across BEAM Plus, LEED and WELL standards HONG KONG SAR - Media OutReach N...

Iglesia Ni Cristo's Care for Humanity Provides Support to International Students and Newcomers in Nine Canadian Cities

TORONTO, CANADA - ACCESS Newswire - September 16, 2025 - The Felix Y. Manalo (FYM) Foundation, the charitable arm of the Iglesia Ni Cristo (INC) or Church of Christ, expanded its global outreach ...

DL Holdings x Bitmain/Antalpha Miner: Hong Kong's First Bitcoin Hashrate Stock

HONG KONG SAR - Media OutReach Newswire - 16 September 2025 - After trading hours on 15 September 2025, DL Holdings Group Limited (HKEX: 1709) announced a major strategic cooperation with Fortune ...

Green SM expands all-electric taxi service to Bekasi, supporting the city’s smart mobility vision

BEKASI, INDONESIA - Media OutReach Newswire - 16 September 2025 - Green SM, the pioneering all-electric taxi service under GSM, has officially launched in Bekasi. From today, residents and visitor...

Manny Shah: Is your business disappearing from Google? You’re not alone

Small business owners across Australia are panicking as their websites vanish from Google’s front pages overnight. According to Manny Shah, cofounde...

MR Roads named Queensland Finalist in the 2025 Telstra Best of Business Awards

MR Roads, co-founded by Daniel Mikus and James Rolph, has been announced as a Queensland finalist in the prestigious 2025 Telstra Best of Business...

AWS research shows strong AI adoption momentum in Australia, with startups outpacing large enterprises in innovation

Amazon Web Services (AWS), an Amazon.com company, released new research revealing that while artificial intelligence (AI) adoption continues to acce...

Changing the World One Bite At a Time: IKU Turns 40

One of Australia’s first plant-based, chef-led eateries and now ready meal provider IKU is celebrating its 40 year anniversary with the business e...

Three generations marking 45 years in hot-air balloons

Australia’s leading hot-air balloon company is celebrating 45 years in the sky and its 700,000th passenger, driven by the passion of father-son du...

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...

Sell by LayBy