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Economic and Financial Developments in the Malaysian Economy in the Second Quarter of 2019

The BNM Quarterly Bulletin presents a quarterly review of Malaysia’s economic,monetary and financial developments. It includes the Bank’s latest assessments on the direction of the economy going forward. The Bulletin also provides insights on current economic and financial issues, including highlights of policy initiatives undertaken by Bank Negara Malaysia in pursuit of its mandates.

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Higher GDP growth of 4.9% (1Q: 4.5%)

  • Continued expansion in domestic demand and across all economic sectors
  • Higher headline inflation due to the lapse in the impact of the GST zerorisation

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Overall financing in line with economic activity

  • Credit expansion commensurate with growth in recent periods
  • Demand for financing showed some signs of improvement