“There’s no real compelling reason or any pressure on interest rates to move in either direction at this stage, though we have to be open to consider the risks going forward,” the deputy governor said in London.
Malaysia’s resilient economy and contained price pressures should allow it to keep interest rates unchanged for the rest of the year, even as global central banks pivot toward easing, according to Bank Negara Malaysia’s deputy governor.
Malaysia’s economy is on track to grow around 5% in 2024 while inflation won’t exceed 3%, Adnan Zaylani Mohamad Zahid said in a Bloomberg Television interview with Rosalind Mathieson. That puts it within the official forecasts laid out by the central bank earlier this year.
