0915 GMT - Bank Negara Malaysia appears to have shifted to a more dovish tone, suggesting room for easing, says HSBC Asean economist Yun Liu in a note. "As a central bank that is cautious about changing its qualitative language, BNM has made multiple adjustments to its growth stance, flagging mounting headwinds," she notes. While inflation concerns have eased, the central bank now seems more focused on the downside risks to growth, she adds. HSBC expects a 25bp rate cut in July, while noting the outlook remains fluid and dependent on incoming data to gauge the impact of U.S. tariffs on the Malaysian economy. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

May 08, 2025 05:15 ET (09:15 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.