KUALA LUMPUR: Bank Negara Malaysia today released three reports, namely the Annual Report 2021, Economic and Monetary Review 2021, and the Financial Stability Review for Second Half 2021.
KUALA LUMPUR, March 30 Malaysia’s headline inflation is forecast to remain manageable this year, averaging between 2.2 per cent and 3.2 per cent (2021:2.5 per cent) while fuel inflation, which underpinned the higher headline inflation in 2021, is projected to moderate in 2022, Bank Negara.
KUALA LUMPUR: Malaysia must prioritise structural reforms, with emphasis on aspects of sustainability, digitalisation and inclusivity to enhance the economy and resilience for future jobs, while raising capabilities for future competitiveness, said Bank Negara Malaysia (BNM) today.
MALAYSIA
<strong>Growth outlook lowered</strong>
The central bank slightly lowered its economic growth outlook for this year and pledged that any changes to its accommodative monetary policy would be “measured and gradual,” as it flagged risks from the COVID-19 pandemic and geopolitics. GDP might expand 5.3 to 6.3 percent this year, Bank Negara Malaysia said in its annual Economic and Monetary Review yesterday. That compares with its earlier projection of 5.5 to 6.5 percent and last year’s 3.6 percent growth. The country is not “out of the woods,” but better prepared for further challenges, due to improved COVID-19 management and higher vaccination