Malaysia inflation still lowest in 'emerging Asia'

The 1.3% inflation is lowest since February 2010.

According to BBVA Research, Malaysia's inflation in September edged down to 1.3% y/y (consensus: 1.4% y/y) from 1.4% y/y the previous month.

Here's more from BBVA Research:

September's outturn was Malaysia’s lowest level of inflation since February 2010, and is the current lowest rate in emerging Asian economies, which may allow the central bank to keep interest rates at 3.0%, a level they have mentioned several times as being "rather accommodative."

Bank Negara Malaysia will hold its last monetary policy meeting of the year on November 8, where we expect no change in rates, despite the central bank's governor recently stating that downside risks to growth were stronger than risks from price pressures.