Economists expect inflation in Malaysia to remain subdued for May, reports New Straits Times (23 June 2020). Although the country has lifted its Movement Control Order, put in place to curb the coronavirus pandemic, consumer spending and business activity remain weak. Juwai IQI chief economist Shan Saeed said the Malaysian ringgit had strengthened 3.73 per cent against the greenback in the last 97 days and expects the ringgit to trade between 3.97 and 4.30 against the US dollar this year. "An appreciating ringgit is going to take care of inflation in the coming quarters as the US dollar is heading for tail-end risk." He said Bank Negara is likely to reduce the OPR by 25bps in the second half of the year. "The economy is showing resilience and we have maintained our position that Malaysia's gross domestic product (GDP) should be between 1.0 and 2.0 per cent by year end on the premise of macroeconomic stability, aggregate demand and investment commencement."