DAVOS - Malaysia's economy is growing strongly thanks to the rise in commodity prices and central bankers"still have room" to tighten monetary policy to tackle accelerating inflation if needed, according to Finance Minister Zafrul Aziz.as the country dropped most virus restrictions. That allowed the central bank room to raise borrowing costs this month to pre-emptively fight inflation, even though consumer prices are gaining at the slowest rate in South-east Asia.
"We think we are on the right track," Datuk Seri Zafrul told Bloomberg Television's Haslinda Amin at the World Economic Forum in Davos, Switzerland. He said pegging the currency wasn't being considered and that he is"comfortable" with where the ringgit is now trading. That's buoyed optimism the country's recovery has reached firmer footing, with Bank Negara Malaysia estimating the economy to quicken anywhere between 5.3 per cent and 6.3 per cent in 2022 from a year ago.Malaysia, a net food importer, is taking steps to secure its supplies with food costs surging to all-time highs asConsumer prices rose by a modest 2.3 per cent in April, while the core measure that strips volatile food and energy costs gained 2.1 per cent.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Full cost of rebuilding Ukraine impossible to quantify, says German finance minister
Fuente: STForeignDesk - 🏆 4. / 71 Leer más »
Sri Lanka prime minister retains finance minister portfolioCOLOMBO: Sri Lanka\u0027s Prime Minister Ranil Wickremesinghe will hold dual charge as finance minister, the president\u0027s office announced on Wednesday (May 25), and will lead talks with the International Monetary Fund (IMF) for a bailout for the crisis-hit nation. \u0022Prime Minister Ranil Wickremesinghe was sworn
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »
Sri Lanka prime minister retains finance minister portfolioCOLOMBO — Sri Lanka's Prime Minister Ranil Wickremesinghe will hold dual charge as finance minister, the president's office announced on Wednesday (May 25), and will lead talks with the International Monetary Fund (IMF) for a bailout for the crisis-hit nation.
Fuente: TODAYonline - 🏆 1. / 99 Leer más »
Japan to ensure swift recovery from pandemic with relief steps -finance ministerTOKYO : Japan's government will urgently and flexibly take steps to ease the pain of the surging cost of living to ensure the economy's recovery from COVID-induced doldrums, Finance Minister Shunichi Suzuki said on Wednesday.Suzuki made the remark just before parliament began debate on a supplementary bud
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »
Japan to ensure swift recovery from pandemic with relief steps: Finance ministerTOKYO: Japan\u0027s government will urgently and flexibly take steps to ease the pain of the surging cost of living to ensure the economy\u0027s recovery from COVID-induced doldrums, Finance Minister Shunichi Suzuki said on Wednesday (Apr 25). Suzuki made the remark just before parliament began debate on a supplemen
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »