(Bloomberg) -- Malaysia’s resilient economy and contained price pressures should allow it to keep interest rates unchanged for the rest of the year, even as ...
-- 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 on Monday.
Malaysia’s rate path next year is less clear, with “still a lot of factors that could come into play,” particularly on inflation, according to Adnan. The central bank is on the lookout for domestic policy changes that could have an impact on the nation’s growth and inflation outlook, he said. The Malaysian currency rose 0.3% in early Kuala Lumpur trading on Tuesday, outpacing all of its emerging-market peers.
The deputy governor is in London to attend a forum on Tuesday co-organized by BNM and the Malaysia International Islamic Financial Centre Leadership Council to promote the growth of Islamic finance in the world’s largest sukuk market.Malaysia’s central bank is seeking to lure investors into the country’s Islamic bond market, which stands at about $260 billion, by positioning it as a “green and sustainable investment,” Adnan said.
JERUSALEM — An Israeli strike on an area in the Gaza Strip home to Palestinians displaced by the Israel-Hamas war killed at least 40 people and wounded 60 others, authorities said Tuesday.Vancouver, British Columbia-- - Navigator Acquisition Corp. announces that it intends to complete a non-brokered private placement for gross proceeds of up to $200,000 and that it intends to settle outstanding convertible debentures of the Company by way of a shares for debt settlement.
Bloomberg Bank Negara Malaysia BNM Bloomberg Television Interest Rates Deputy Governor Rosalind Mathieson Malaysia Central Banks Anwar Ibrahim
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