Overview
- GDP rose 2.4% on a seasonally adjusted quarter‑on‑quarter basis, edging up from 2.2% in Q2.
- Net exports climbed 17.7% year on year despite U.S. tariffs, with some goods now exempt following a recent trade deal.
- Growth for the first nine months reached 4.7%, tracking toward the upper end of the central bank’s 4.0% to 4.8% forecast.
- BNM kept the policy rate at 2.75% after a July cut, with Governor Abdul Rasheed saying there is still space to act if needed.
- Consumer prices rose 1.5% in September, and the government projects 4.0% to 4.5% economic growth for 2026.