KUALA LUMPUR, 16 April 2009: Bank Negara Malaysia (BNM) will revise growth forecast for the year if the economy improves in the second half, its governor, Tan Sri Dr Zeti Akthar Aziz said today. The central bank has projected the gross domestic product (GDP) for this year to be between -1% and 1%. She said […]
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Better forecast for second half, says Zeti
KUALA LUMPUR, 15 April 2009: The effects of the fiscal stimulus package and the supportive monetary environment will put the country’s economy in a better position in the second half of the year, Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said today. She said even though external economies were contracting, the domestic economy […]
Current interest rates support growth
KUALA LUMPUR, 5 March 2009: The reduction in the overnight policy rate (OPR) by 2% from 3.5% previously is supportive of growth, Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said today. “We have already reduced the OPR. We believe this is supportive of growth,” she said when asked if there was still room […]
Zeti: Ringgit stable
KUALA LUMPUR, 5 March 2009: The ringgit’s movement is in line with that of other currencies, Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said. “It is now stable against the other currencies so the market remains orderly,” she said when asked about the ringgit’s movement. The ringgit is now hovering near RM3.70 to […]
Zeti: Ringgit reflects global phenomenon
By Gan Yen KuanKUALA LUMPUR: The ringgit, which fell to more than a three-year low on 2 March, is reflective of the current global economic situation, said Bank Negara governor Tan Sri Zeti Akhtar Aziz. “It reflects the global phenomenon.It reflects the strength of the US dollar following deleveraging that is taking place and remitting of funds to […]
