Tags: economy | interest rates | Zeti
Written by Yong Yen Nie
Thursday, 24 September 2009 11:26
KUALA LUMPUR: Bank Negara Malaysia (BNM) believes the economy has seen its worst, but it is likely to maintain key interest rates for the time being.
Its governor Tan Sri Dr Zeti Akhtar Aziz said on Sept 24 that across the board, there were signs of improvement, while domestic demand has seen clear signs of recovery, having benefited from the fiscal stimulus and an accommodative monetary policy.
"We believe we have seen the worst. Across the board, there is improvement, but external factor has to see greater improvement in terms of external demand," she told the media on the sidelines of the SEACEN-BNM Banking and Financial Law School 2009.
Hence, Zeti said interest rates were at appropriate level to support demand and access for financing.
"Going forward, unless there are significant changes, these rates remain," she said.
She added that external trade is expected to improve in the third quarter and see positive growth in the fourth quarter.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
music
Create a playlist at MixPod.com
