Inflation slows to 37 in January, Bank Negara expected to stay on hold next month

(Kuala Lumpur, 24th) Inflation in my country continued to fall In January this year, the consumer price index (CPI, commonly known as the inflation rate) increased by 3.

7% year-on-year, which was lower than the 3 8% in December last year, which was in line with the median estimate of the Bloomberg survey.

Consistent and conducive to supporting the National Bank's suspension of interest rate hikes According to the latest CPI released by the Malaysian Department of Statistics on Friday, food and non-alcoholic beverages are still the "main force" contributing to inflation; food inflation in January was still as high as 6.

7% Of Course, Compared With The 6

8% food inflation in December last year, the price increase has moderated Inflation of most food and non-alcoholic beverages has slowed down, but the price pressure of outside food remains high, still at a high of 9.

6%, which is comparable to that in November While inflation for most food and non-alcoholic beverages has moderated, prices for meat, vegetables and fruits have risen, leading to home-cooked price inflation rising to 5.

1% From 4 9% In December Last Year

The remaining prices increased more, including meat increased by 8 3% (7.

8% in the previous value); fish and seafood by 3 2% (2.

9%); Fruits By 4 4% (4

0%); And Vegetables By 1 0% (0

9%) In other fields, recreational services and culture rose 2.

7% (previously 2 4%); Health Care Rose 1

6% (1 3%)

Core inflation at 3 9% Excluding volatile items, core inflation was at 3.

9% In January, Down Slightly From 4 1% In December

By state, prices soared higher than the national average in January, including Putrajaya (5 9%), Sarawak (4.

3%), Selangor (4 2%), Johor (3

9%) and Pahang (3 8%); inflation The lowest states are Kedah and Labuan at 2.

2% In a statement, the Department of Statistics Malaysia emphasized that compared to other specific countries such as the Philippines (8.

7%), the European Union (8 5%), the United States (6.

4%), Indonesia (5 3%), South Korea (5

2%), and Thailand (5 0%) %), my country's inflation remains moderate.

Bank Negara has a breathing opportunity According to Bloomberg, the lower cost of living in our country has indeed provided a breathing opportunity for the monetary policy maker, the Bank of Negara, because the latter raised interest rates by 100 basis points in one go last year and only in January this year Opted to pause interest rate hikes and keep the overnight policy rate (OPR) at 2.

75% For now, all the focus will be on the latest Budget, with Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim widely expected to narrow the gap between revenue and spending, more in the face of concerns raised by rating agencies.

Tamara Hodson, a senior economist at Bloomberg, pointed out in the report that inflation has slowed down for two consecutive months, which will help Bank Negara continue to maintain the existing interest rate on hold at the monetary policy meeting on March 9 this year Finishing|Despite the interference of the epidemic, more than 70% of global CEOs in the past two years are optimistic about economic growth in the coming year, and only about 15% are more pessimistic.

Different from the optimism of the previous two years, the situation has reversed this year According to the "26th Global Business Leaders Survey Report" released by PricewaterhouseCoopers, 73% of global business leaders are pessimistic about the economic outlook for the coming year.

It is the most pessimistic year for the economic outlook in 12 years since the financial tsunami Only 18% of CEOs believe that economic growth will improve in the coming year.

According to the survey, nearly 40% of the chief executives believe that if the company continues to stick to the status quo, it may be difficult to survive economically within 10 years In terms of industry distribution, 46% of the telecom industry, 43% of the manufacturing industry, 42% of the health care industry, 41% in the technology industry, showing that CEOs in these industries are full of anxiety about the future.

In the section of concerns, CEOs are most worried about the impact of the economic recession this year The survey found that inflation (40%) and overall economic instability (31%) are the chief executives’ top priorities, regardless of the next 1 year or 5 years.

25% of the chief executives also believe that they face the threat of geopolitical conflicts in finance, and the threats of cyber threats (20%) and climate change (14%) are relatively low The challenges facing the profitability of the industry in the next ten years: 56% of the chief executives believe that it is the changing needs/preferences of customers; 53% think that it is regulatory changes; 52% think that there is a shortage of labor/talent; 49% think that technology brings Subversive impact.

In response to the current economic situation, the chief executive’s plan: 52% choose to reduce operating costs; 51% increase selling prices; 48% achieve their goals through the diversification of products and services Despite the disruption of the epidemic, more than 70% of global chief executives in the past two years are optimistic about economic growth in the coming year, and only about 15% are more pessimistic.

Different from the optimism of the previous two years, the situation has reversed this year According to the "26th Global Business Leaders Survey Report" released by PricewaterhouseCoopers, 73% of global business leaders are pessimistic about the economic outlook for the coming year.

It is the most pessimistic year for the economic outlook in 12 years since the financial tsunami Only 18% of CEOs believe that economic growth will improve in the coming year.

According to the survey, nearly 40% of the chief executives believe that if the company continues to stick to the status quo, it may be difficult to survive economically within 10 years In terms of industry distribution, 46% of the telecom industry, 43% of the manufacturing industry, 42% of the health care industry, 41% in the technology industry, showing that CEOs in these industries are full of anxiety about the future.

In the section of concerns, CEOs are most worried about the impact of the economic recession this year The survey found that inflation (40%) and overall economic instability (31%) are the chief executives’ top priorities, regardless of the next 1 year or 5 years.

25% of the chief executives also believe that they face the threat of geopolitical conflicts in finance, and the threats of cyber threats (20%) and climate change (14%) are relatively low The challenges facing the profitability of the industry in the next ten years: 56% of the chief executives believe that it is the changing needs/preferences of customers; 53% think that it is regulatory changes; 52% think that there is a shortage of labor/talent; 49% think that technology brings Subversive impact.

In response to the current economic situation, the chief executive’s plan: 52% choose to reduce operating costs; 51% increase selling prices; 48% achieve their goals through the diversification of products and services Despite the disruption of the epidemic, more than 70% of global chief executives in the past two years are optimistic about economic growth in the coming year, and only about 15% are more pessimistic.

Different from the optimism of the previous two years, the situation has reversed this year According to the "26th Global Business Leaders Survey Report" released by PricewaterhouseCoopers, 73% of global business leaders are pessimistic about the economic outlook for the coming year.

It is the most pessimistic year for the economic outlook in 12 years since the financial tsunami Only 18% of CEOs believe that economic growth will improve in the coming year.

According to the survey, nearly 40% of the chief executives believe that if the company continues to stick to the status quo, it may be difficult to survive economically within 10 years In terms of industry distribution, 46% of the telecom industry, 43% of the manufacturing industry, 42% of the health care industry, 41% in the technology industry, showing that CEOs in these industries are full of anxiety about the future.

In the section of concerns, CEOs are most worried about the impact of the economic recession this year The survey found that inflation (40%) and overall economic instability (31%) are the chief executives’ top priorities, regardless of the next 1 year or 5 years.

25% of the chief executives also believe that they face the threat of geopolitical conflicts in finance, and the threats of cyber threats (20%) and climate change (14%) are relatively low The challenges facing the profitability of the industry in the next ten years: 56% of the chief executives believe that it is the changing needs/preferences of customers; 53% think that it is regulatory changes; 52% think that there is a shortage of labor/talent; 49% think that technology brings Subversive impact.

In response to the current economic situation, the chief executive’s plan: 52% choose to reduce operating costs; 51% increase selling prices; 48% achieve their goals through the diversification of products and services In the section of concerns, CEOs are most worried about the impact of the economic recession this year.

The survey found that inflation (40%) and overall economic instability (31%) are the chief executives’ top priorities, regardless of the next 1 year or 5 years 25% of the chief executives also believe that they face the threat of geopolitical conflicts in finance, and the threats of cyber threats (20%) and climate change (14%) are relatively low.

The challenges facing the profitability of the industry in the next ten years: 56% of the chief executives believe that it is the changing needs/preferences of customers; 53% think that it is regulatory changes; 52% think that there is a shortage of labor/talent; 49% think that technology brings Subversive impact In response to the current economic situation, the chief executive’s plan: 52% choose to reduce operating costs; 51% increase selling prices; 48% achieve their goals through the diversification of products and services.

In the section of concerns, CEOs are most worried about the impact of the economic recession this year The survey found that inflation (40%) and overall economic instability (31%) are the chief executives’ top priorities, regardless of the next 1 year or 5 years.

25% of the chief executives also believe that they face the threat of geopolitical conflicts in finance, and the threats of cyber threats (20%) and climate change (14%) are relatively low The challenges facing the profitability of the industry in the next ten years: 56% of the chief executives believe that it is the changing needs/preferences of customers; 53% think that it is regulatory changes; 52% think that there is a shortage of labor/talent; 49% think that technology brings Subversive impact.

In response to the current economic situation, the chief executive’s plan: 52% choose to reduce operating costs; 51% increase selling prices; 48% achieve their goals through the diversification of products and services .