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Malaysia GDP Growth Rate YoY
Effectively transitioned from being a raw material exporter to being a diversified economy in recent years, Malaysia is a rising country in Asia. Services are the most important sector of the economy, accounting for around 54% of GDP. In recent years, the manufacturing sector has expanded and currently accounts for 25% of GDP and more than 60% of total exports. Mining and quarrying account for 9% of GDP, with agriculture accounting for 9%.
A higher than expected figure should be seen as positive (bullish) for the MYR while a lower than expected figure should be seen as negative (bearish) for the MYR.
News (MYR)
Malaysia Central Bank Cuts Policy Rate For First Time Since 2020
Malaysia's central bank lowered its key interest rate for the first time in five years on Wednesday to underpin economic growth amid the ongoing trade tariff uncertainty. The Monetary Policy Committee of Bank Negara Malaysia decided to reduce the Overnight Policy Rate by 25 basis points to 2.75 percent. The ceiling and floor rates of the corridor of the OPR were correspondingly reduced.
RTTNews | 3h 5min ago
Malaysia Manufacturing PMI Improves In June - S&P Global
The manufacturing sector in Malaysia continued to contract in June, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 49.3.
RTTNews | 8 days ago
Malaysia Manufacturing PMI Ticks Higher In May - S&P Global
The manufacturing sector in Malaysia continued to contract in May, albeit at a slower pace, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 48.8.
RTTNews | 36 days ago
