{"id":43951,"date":"2026-04-02T02:55:28","date_gmt":"2026-04-02T02:55:28","guid":{"rendered":"https:\/\/www.vtmarketsglobal.com\/en\/uncategorized\/43951\/"},"modified":"2026-04-02T02:55:28","modified_gmt":"2026-04-02T02:55:28","slug":"commerzbank-says-bnm-lifted-malaysias-2026-growth-outlook-to-4-5-backing-myr-alongside-steady-opr-support","status":"publish","type":"post","link":"https:\/\/www.vtmarketsglobal.com\/en\/live-updates\/43951\/","title":{"rendered":"Commerzbank says BNM lifted Malaysia\u2019s 2026 growth outlook to 4\u20135%, backing MYR alongside steady OPR support"},"content":{"rendered":"Bank Negara Malaysia (BNM) raised its 2026 growth forecast to 4.0\u20135.0% from 4.0\u20134.5% in its 2025 Annual Report. The change was linked to resilient domestic demand.\n\nBNM expects consumption and investment to be supported by wages, a strong labour market and government measures. It also said inflation could face pressure from the Middle East conflict.\n\n<h3>Growth And Inflation Outlook<\/h3>\nInflation is projected at 1.5\u20132.5% this year, compared with the government\u2019s 1.3\u20132.0% forecast. The outlook assumes Brent crude prices of USD70\u201390.\n\nBNM is expected to keep the Overnight Policy Rate at 2.75% for the rest of the year and through 2026. Any rate cuts would depend on a material slowdown in growth.\n\nWith Bank Negara Malaysia signalling a stable outlook, we should anticipate low volatility in local interest rate markets. The central bank&#8217;s commitment to holding the Overnight Policy Rate at 2.75% is backed by recent data showing March inflation holding steady at 1.8%, well within the target range. This suggests that selling options on interest rate futures, to profit from the lack of movement, could be a viable strategy in the coming weeks.\n\nThe steady policy rate makes the Malaysian ringgit attractive, especially with continued strong domestic growth, as confirmed by the recent 4.2% GDP growth figure for the first quarter of 2026. We have seen the ringgit gain against the US dollar to below 4.68, and this trend may continue if other central banks consider easing their policies. Traders could look at call options on the ringgit to capitalize on this interest rate differential and positive economic momentum.\n\n<h3>Equity Market Implications<\/h3>\nThis improved growth forecast of 4.0-5.0% should directly benefit domestically-focused companies, supporting the local equity market. The FTSE Bursa Malaysia KLCI index is already up over 3% this year, reflecting the strong labour market where unemployment recently fell to 3.3%. We see opportunities in buying call options or futures on the index, betting that resilient consumer spending will continue to drive corporate earnings higher.\n\nWe remember how in mid-2025 there were concerns about a potential rate hike, but the bank remained patient, a stance that now appears justified. The main risk to this stable view remains oil prices, with Brent crude currently trading at $88 per barrel, near the top of the bank&#8217;s assumed $70-90 range. A sustained break above this level could force BNM to reconsider its stance on inflation and interest rates.\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a>\u00a0and\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a>\u00a0now. <\/b>\n<p>\r\n\r\n<p><strong>Start trading now &#8211; Click <a href=\"https:\/\/www.vtmarketsglobal.com\/en\/trade-now\/\">here<\/a> to create your real VT Markets account <\/strong> <\/p>\r\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>BNM lifts 2026 growth forecast to 4.0\u20135.0%, citing strong demand; inflation risks persist, OPR steady.<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-43951","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"josephine","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/josephine\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/43951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=43951"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/43951\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=43951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=43951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=43951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}