U.S. trade discussions appear promising as the Ministry of International Trade and Industry (Miti) launches tariff negotiations, following Cabinet approval, according to Fahmi.
Spilling the Biz on March 2025's Economic Landscape in Malaysia - A Breakdown
Let's chat about what's new in Malaya's economy scene as of March 2025!
Inflation
Malaysia's headline inflation took a dip, settling at 1.4% in March, falling from 1.5% the previous month. Surprisingly, the core rate held steady at 1.9% [Bank Negara Malaysia (BNM) report][1]. But why the drop, you ask? Well, ol' BNM suggests it's due to the waning effects of policies on non-core consumer price index (CPI) components, such as electricity and water tariffs, that rose during the same period last year [Monthly Highlights for March 2025][2].
Private Sector Credit Growth
Alas, we couldn't find exact figures for the private sector credit growth at the moment. But hey, you can always keep a keen eye on Bank Negara Malaysia's reports to stay tuned on business and consumer lending trends.
Foreign Exchange Rate (Ringgit against the US Dollar)
The info on the ringgit's exchange rate against the US dollar was scarce in the search results, so get ready to dig deeper into the financial news and currency conversion services if you're eager for those numbers [1][3].
In short, it's all about inflation right now, but don't forget to monitor other economic indicators as well!
References:- [1] [Bank Negara Malaysia - Monthly Highlights for March 2025][2]- [2] [Bernama - MoneyVersa RM10 FREEVERSAMM10 - Malaysia’s headline inflation moderates in March 2025][2]- [3] [ Bernama – Malaysia’s inflation haywire due to tariff hikes, other non-core factors][2]
- The headline inflation in Kuala Lumpur, Malaysia, dropped to 1.4% in March 2025, as reported by Bank Negara Malaysia (BNM), down from 1.5% the previous month.
- The core inflation rate remained steady at 1.9%, according to the same BNM report, despite a dip in the headline inflation.
- The cause of the headline inflation drop, as suggested by BNM, is the waning effects of policies on non-core consumer price index (CPI) components, such as electricity and water tariffs, which rose during the same period the preceding year.
- At present, detailed figures for private sector credit growth in Malaysia are not readily available, but Bank Negara Malaysia's reports can provide updates on business and consumer lending trends.
- Data regarding the foreign exchange rate of the Ringgit against the US dollar could not be found in the initial search results, so it is necessary to delve deeper into financial news and currency conversion services for the required numbers.
- It's imperative to monitor other economic indicators, apart from inflation, to gain a comprehensive understanding of the Malaysian economy landscape in March 2025.
