Malaysia's economic growth will give the central bank more flexibility to tighten monetary policy, as the US Federal Reserve raises interest rates, according to caretaker Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. Despite four interest rate hikes, Malaysia's GDP growth remains strong, with the central bank forecasting annual growth at the upper end of 5.3% to 6.3%. Zafrul noted that while Malaysia's rate is 2.75%, the US Federal Reserve's rate is 75 basis points higher.MALAYSIA HAS ROOM FOR TIGHTER MONETARY POLICY, SAYS ZAFRUL
Malaysia's economic growth will give the central bank more flexibility to tighten monetary policy, as the US Federal Reserve raises interest rates, according to caretaker Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. Despite four interest rate hikes, Malaysia's GDP growth remains strong, with the central bank forecasting annual growth at the upper end of 5.3% to 6.3%. Zafrul noted that while Malaysia's rate is 2.75%, the US Federal Reserve's rate is 75 basis points higher.
