CIMB analysts Chew Khai Yen and Michelle Chia say rising oil will pass through to fuel-related costs and lift near-term inflation, but September headline CPI is expected around 1.9-2.0%. Softer core inflation and a muted broader inflation outlook sup

2026-09-21

CIMB analysts Chew Khai Yen and Michelle Chia say rising oil will pass through to fuel-related costs and lift near-term inflation, but September headline CPI is expected around 1.9-2.0%. Softer core inflation and a muted broader inflation outlook support CIMB’s view that Bank Negara Malaysia will keep the overnight policy rate at 2.75% at its November meeting.