Malaysia’s economy grows by 5% in 1Q 2022; 5.3% to 6.3% projected for 2022
THE Malaysian economy posted a positive growth of 5.0% in 1Q 2022 (4Q 2021: 3.6%), mainly supported by improving domestic demand as economic activity continued to normalise with the easing of containment measures.
Earnings bump for Malaysian banking stocks with OPR hike?
THe sooner-than-anticipated overnight policy rate (OPR) hike of 25 basis points to 2% is undoubtedly a boon for banks as they will be able to price in higher rates to lift earnings in the aftermath of two rounds of moratorium