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Malaysia unemployment rate 3.4% in Jul-23

- Malaysia's unemployment rate remained at 3.4% in July 2023, showing stability in the labor market.
- The current unemployment rate is 0.14 percentage points below the one-year average and 0.15 percentage points below the long-run average, indicating an improvement in employment conditions.

Bank Negara Malaysia: Sep-23

• The MPC's unsurprising decision to maintain the OPR at 3.00 percent reflects a balanced assessment of global economic challenges and Malaysia's domestic growth drivers.
• While Malaysia's near-term economic trajectory showcases promise, driven by domestic factors like steady employment and infrastructural projects, risks such as commodity production declines persist.
• Inflation trends in Malaysia are easing; however, several dynamic factors like global commodity prices and policy shifts could disrupt this pattern.

Malaysia money supply 3.52% y-o-y in Jul-23

- Malaysia's money supply grew by 3.52% year-on-year in July 2023, indicating a decrease from the previous month and the lowest growth since May 2023.
- The growth rate of 3.52% is significantly below the long-run average, suggesting a noteworthy deviation, and is also below the one-year average, indicating a relatively weaker performance in recent months.

Malaysia money supply 2.87% y-o-y in Aug-23

- Malaysia's money supply recorded a 2.87% year-on-year growth in Aug-23, the lowest since Nov-19.
- The growth rate is 1.27 percentage points below the one-year average and 9.38 percentage points below the long-run average.