Inflation: Amid cheaper situations, inflation reduced of 2.8 % y-o-y throughout the second quarter 2023 so you can dos.0 % y-o-y in the 3rd quarter.

Monetary areas

Currency: New ringgit depreciated because of the step one.cuatro per cent meters-o-meters from the You money during the compared to step one.cuatro % drop off m-o-meters for the September. From inside the October, it dropped so you’re able to the lower level due to the fact 1997–1998 Far eastern economic crisis, into money weighed by Us dollar’s go up and you can a beneficial widening rates differential on the You.

Coverage rates: Bank Negara Malaysia was able its policy speed at 3 percent during the its appointment, even after a dropping ringgit placing inflationary pressure on the discount. 14 “Monetary coverage declaration,” Financial Negara Malaysia, .

Money flows: FDI inflows improved sharply from inside the 3rd quarter 2023 to $cuatro.step one million, of $step one.1 mil in the next one-fourth. Fx reserves improved because of the $dos million, getting together with $101 billion on third quarter.

The new Philippines

The latest Philippines is actually the fastest increasing discount into the Southeast Asia when you look at the the third one-fourth 2023, motivated from the a rise in regulators expenses (Showcase 5). Which paid with the lag in the residential usage pursuing the higher account from inflation.

GDP increased at 5.9 per cent y-o-y on the 3rd one-fourth instead of cuatro.step 3 % growth in the earlier one-fourth. Continue reading →