POLL-Malaysia's Oct CPI seen at 1.0% y/y, slightly slower than Sept


* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=MYCPI%3DECI poll data

* Oct CPI seen at 1.0% y/y vs Sept's 1.1% y/y

* Data due on Wednesday, Nov. 20, at 0400 GMT

KUALA LUMPUR, Nov 18 (Reuters) - Malaysia's consumer price index in October likely rose 1.0% from a year earlier, a Reuters poll showed on Monday, which would mark the second straight month of slowing expansion.

The index had risen 1.1% in September from a year earlier, slowing from the previous month's 1.5% pace on lower costs in the transport, clothing and communication sectors.

Inflation has remained mild after the government scrapped an unpopular consumption tax in June 2018. Bank Negara Malaysia (BNM) said on Friday that it expected headline inflation to be "low" in 2019, and modest though higher in 2020.

The economy grew at its slowest pace in a year in the third quarter on sharp falls in exports and mining, fuelling expectations that the central bank will announce another round of policy stimulus early next year.

BNM cut its key interest rate in May for the first time since 2016 on concerns of slowing growth tied to weak global demand and the U.S.-China trade war. (Reporting by Joseph Sipalan; Editing by Subhranshu Sahu) ((joseph.sipalan@thomsonreuters.com; +603 23338019; Reuters Messaging: joseph.sipalan.thomsonreuters.com@reuters.net)) Keywords: MALAYSIA ECONOMY/INFLATION (POLL)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.