Latest projections of Malaysia’s central bank signal confidence in economic fundamentals
Malaysia’s central bank projects the country’s economy to expand by 4.5 per cent to 5.5 per cent in 2025, driven by strong domestic demand and active investments. This is reported by Vietnam News Agency (VNA), a partner of TV BRICS.
In its Economic and Monetary Review 2024 report released on 24 March, the bank stated that inflation would rise moderately but remain manageable due to easing global costs and stable demand. Falling commodity prices are also expected to reduce production expenses for businesses.
The bank added that favourable monetary conditions would continue supporting economic growth, with loan demand sustained by positive domestic prospects and domestic income and growth.
Photo: iStock
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