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Economic and Financial Developments in the Malaysian Economy in the First Quarter of 2020

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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Malaysians began staying home to fight the COVID-19 pandemic

  • This was a necessary near-term sacrifice to avert a health crisis

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The sudden downshift in economic activity caused growth to moderate

  • Headline and core inflation also moderated during the quarter