{"id":67156,"date":"2026-04-02T09:11:19","date_gmt":"2026-04-02T02:11:19","guid":{"rendered":"https:\/\/hbbgroup.net\/myr-resilient-macro-backdrop-supports-ringgit-dbs\/"},"modified":"2026-04-02T09:11:19","modified_gmt":"2026-04-02T02:11:19","slug":"myr-resilient-macro-backdrop-supports-ringgit-dbs","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/myr-resilient-macro-backdrop-supports-ringgit-dbs\/","title":{"rendered":"MYR: Resilient macro backdrop supports Ringgit \u2013 DBS"},"content":{"rendered":"<div id=\"post-content-section\">\n<p>DBS Group Research economist Chua Han Teng highlights that Malaysian financial markets, including the Ringgit (MYR) and benchmark <a href=\"https:\/\/www.fxstreet.com\/markets\/equities\" data-fxs-autoanchor>equities<\/a>, have held up year-to-date thanks to resilient macroeconomic conditions and capital inflows. Bank Negara Malaysia projects 2026 <a href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor>GDP<\/a> growth of 4.0-5.0% and inflation of 1.5-2.5%, and is expected to keep policy on hold, anchoring bond yields despite Middle East risks.<\/p>\n<h2>BNM outlook underpins Ringgit resilience<\/h2>\n<p>&#8220;Malaysian financial markets\u2019 resilient year-to-date performance (Malaysian ringgit: +0.3%; benchmark equity index: +0.6%) reflects favourable macroeconomic conditions that have supported capital inflows, despite lingering global uncertainties, including heightened tensions in the Middle East.&#8221;<\/p>\n<p>&#8220;Expectations that this positive backdrop will continue were underscored by Bank Negara Malaysia (BNM)\u2019s cautiously optimistic <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\" data-fxs-autoanchor>outlook<\/a> updated on March 31.&#8221;<\/p>\n<p>&#8220;BNM forecasts economic growth of 4.0-5.0% in 2026 (DBSf: 4.7%), compared to the government\u2019s 4.0-4.5% projection released during last year\u2019s Budget 2026.&#8221;<\/p>\n<p>&#8220;The central bank also forecasts headline inflation to average 1.5-2.5% in 2026 (DBSf: 2.0%), compared to 1.3-2.0% announced in Budget 2026, reflecting expectations of contained and moderate price pressures from both external and domestic sources.&#8221;<\/p>\n<p>&#8220;Overall, BNM reiterated that Malaysia is confronting the geopolitical uncertainties from a position of strength, and we expect the central bank to remain on hold in 2026, anchoring bond yields, barring a significant deviation from its refreshed outlook.&#8221;<\/p>\n<p><em>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/em><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>DBS Group Research economist Chua Han Teng highlights that Malaysian financial markets, including the Ringgit (MYR) and benchmark equities, have [&hellip;]<\/p>","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-67156","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/67156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=67156"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/67156\/revisions"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=67156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=67156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=67156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}