Risks to the inflation outlook remain highly subject to changes to domestic policy on subsidies and price controls, as well as global commodity prices and financial market developments. Policymakers noted that headline and core inflation had moderated and that cost pressures were expected to remain modest heading into 2024. The board mentioned that the current monetary policy stance remains supportive of the economy and is consistent with the current assessment of inflation and growth outlook. Malaysia's central bank kept its overnight policy rate unchanged at 3% for the third successive meeting in November 2023, aligning market expectations.
