What growth rate does Bank Muamalat project for 2Q 2026 GDP?

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Bank Muamalat Projects 5.1 Per Cent GDP Growth for 2Q 2026

Bank Muamalat Malaysia Bhd projects the advance estimate for Malaysia's second quarter 2026 Gross Domestic Product (GDP) growth to be 5.1 per cent. This projection is supported by resilient external demand, particularly from the electrical and electronics sector.
Economic Outlook and Support for the Ringgit

The projected GDP growth of 5.1 per cent is considered a solid performance for the Malaysian economy, especially if driven by investment activity. Such a performance is expected to provide positive support for the ringgit. The market's focus is currently on Malaysia's advance GDP estimate for 2Q 2026, with the consensus forecast at 5.3 per cent.
Factors Influencing Currency Movements

The US Dollar Index (DXY) saw a rise of 0.28 per cent to 100.763 points, influenced by continued support from some US Federal Reserve officials for higher interest rates to curb inflation. This factor, along with sentiment surrounding the Fed's interest-rate decisions, is expected to keep the ringgit trading within the RM4.06 to RM4.08 range against the US dollar.
Ringgit Performance Against Other Currencies

At the opening, the ringgit showed strength against several major currencies. It strengthened against the British pound and the euro, and also edged higher against the Japanese yen. Furthermore, the local currency appreciated against the Singapore dollar and gained against the Thai baht.

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What growth rate does Bank Muamalat project for 2Q 2026 GDP?

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