Stronger Q2 GDP growth and low inflation in Malaysia support the central bank’s decision to keep rates at 2.75%.
Malaysia’s Q2 GDP growth exceeded expectations, bolstering the ringgit’s stability against the USD. The central bank maintained its policy rate at 2.75%, citing subdued inflation as a key factor.
USD/MYR has traded within a narrow 4.05–4.10 range, with recent movements tied to crude oil price fluctuations. The currency pair edged higher alongside oil, reflecting Malaysia’s reliance on energy exports.
No immediate market reaction was reported, but the steady policy stance and growth outlook may limit volatility in the near term.