Zeti cautions on cheap money in KL, Yellen suggests rate hike in US

PETALING JAYA: Bank Negara has projected the economy to grow by between 4.5% and 5.5% this year and expects inflation to inch up to 4%, a development that it feels does not warrant a hike in interest rates.

However, the central bank cautioned that a prolonged period of a relatively low interest rate regime in the international and domestic markets could encourage excessive risk-taking behaviour.