OCBC Bank

Money Moves

Says September export surge could lift Q3 growth above 5.3%; expects a 25bp BNM hike, possibly November 5 but favours January 2027

Malaysia's economy grew 5.3% in the third quarter from a year earlier, beating the 5.1% median forecast in a Bloomberg survey. HSBC raised its 2026 growth forecast to 5.5% from 5.2% on October 30, citing steady domestic demand and AI-related electronics exports, and lifted its fourth-quarter call to 5.3%.

Updated 3 hours ago