Tuesday, November 1, 2011

BNM assessing growth, inflation risks

KUALA LUMPUR (Nov 1): Bank Negara Malaysia is carefully assessing growth and inflation risks to ensure the country's growth is sustainable in the medium term.

BNM governor Tan Sri Zeti Akhtar Aziz said on Tuesday the "conditions were dynamic" and it was pivotal to strike a balance when assessing growth and inflation prospects here in the next three years.

"We are looking at both," Zeti told reporters on the sidelines of the Asian Central Banks' Watchers Conference 2011.

On growth prospects in Asia, she said the region would still see growth, albeit slower compared to a year earlier.

Zeti said Asia was expected to post economic growth of some 7% in 2011, spurred by domestic consumption. This comes against a weaker external trade landscape due to slower growth in developed markets in the US and Europe.

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