By Adeline Paul RajPublished: 2009/04/28
Malaysia's interest rate cuts will only have an impact on the economy nine months after they are made, Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz said.
Zeti expects the economy to improve in the second half of the year.
Asked if Bank Negara will be reducing the interest rate further at its policy meeting tomorrow, she said: "What we do now will only have an impact in nine months. Therefore, if we already see an improvement expected to take place in the second half, and certainly further improvement going into next year, we should have done most of what we need to do now."