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null Quarterly Bulletin 4Q 2025

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Quarterly Bulletin 4Q 2025



The BNM Quarterly Bulletin presents a quarterly review of Malaysia’s economic, monetary and financial developments. It includes the Bank’s latest assessments on the direction of the economy going forward. The Bulletin also provides insights on current economic and financial issues, including highlights of policy initiatives undertaken by Bank Negara Malaysia in pursuit of its mandates.

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Key Highlights for 4Q 2025

  • GDP recorded a strong growth of 6.3% (3Q: 5.4%)
  • Headline inflation remained stable at 1.3% (3Q: 1.3%)
  • Continued improvement in the labour market
  • The ringgit appreciated against currencies of trading partners

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Contents

  • Key Highlights
  • International Economic Environment
  • Developments in the Malaysian Economy
  • Monetary and Financial Developments
  • Policy Considerations
  • Macroeconomic Outlook
  • Annex
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