Current economy levels will sustain: Zeti
KUALA LUMPUR: The country's economy will be
sustained at the current level going into the second half of this year supported
by the robust domestic economy, says Bank Negara Malaysia governor Tan Sri Dr
Zeti Akhtar Aziz.
She said the business environment in the country was very
supportive with improved level of competitiveness, efficiency and continued
access to financing as well as an orderly market to raise funds.
"The bank has remained solid and sound with their
favourable profitability, so all these are positive for our economy," she told
reporters following a presentation of the Labuan Financial Services Authority's
annual report here today.
She said despite the economic crisis in Europe, the central bank was
maintaining the growth forecast of four to five per cent for Malaysia this
year.
Zeti said the central bank had already priced-in the
effect of the Euro zone economic crisis into the forecast.
"In fact, it declined only recently and we had expected the moderation to
happen earlier."
She said Bank Negara was confident of the projected
growth range given the robust domestic demand and private investment
activities.
What is also particularly encouraging is the private
sector investment, she said, adding that the sector is expected to contribute to
the current growth and future growth.
On the overnight policy rate, she said it has been very supportive of the
economic growth.
Loan growth has been in the 12 per cent range, indicating that the interest
rate level is not an inhibiting factor for the domestic economy's growth, she
added.--BERNAMA
Source : New Straits Times
Date : 8 June 2012
Today's Pick (08/06/12/102/796)
No comments:
Post a Comment