“Also, this pair (Malaysia and Indonesia) is rich in natural resources such as energy commodities (thermal coal, oil and gas) and mineral ores (aluminium, iron and nickel), which reduces their reliance on imports and the associated exposure to imported inflation," Moody’s Analytics said in a research note.新2备用网址（www.hg108.vip）是一个开放新2网址即时比分、新2网址代理最新登录线路、新2网址会员最新登录线路、新2网址代理APP下载、新2网址会员APP下载、新2网址线路APP下载、新2网址电脑版下载、新2网址手机版下载的新2新现金网平台。新2网址登录线路最新、新2皇冠网址更新最快,皇冠体育APP开放皇冠会员注册、皇冠代理开户等业务。
KUALA LUMPUR: Inflation in developing economies, including Malaysia and Indonesia, is likely to return to more normal readings at a pace akin to those of developed economies.
The readings might reflect the relatively heavy use of government subsidies to keep domestic prices low, thereby reducing inflation persistence, Moody’s Analytics said in a research note, Bernama reported.
“Also, this pair (Malaysia and Indonesia) is rich in natural resources such as energy commodities (thermal coal, oil and gas) and mineral ores (aluminium, iron and nickel), which reduces their reliance on imports and the associated exposure to imported inflation.
“For instance, Indonesia applies so-called domestic market obligations on a majority of these commodities, requiring businesses to sell a portion of their produce domestically and at a discount to the market price,” it said.,
It opined that higher inflation persistence in more developed economies such as Singapore, Hong Kong and South Korea may be explained by their lack of natural resources, making them price-takers and more susceptible to imported inflation.
“Furthermore, these economies specialise in high-value-added industries such as high-tech manufacturing, which often use imported inputs to produce their finished goods.
“In Australia and New Zealand, central banks successfully used monetary policy to keep inflation within their target bands over the 20-year window, supported by government policies, which contributed to low inflation persistence in these economies,” it added.