Zeti: Bank Negara’s action against 1MDB vital for integrity

Resilient economy: Zeti says Bank Negara does see the risk of faster inflation after the first quarter of 2016 and interest rates at current levels are supportive of growth.

LIMA: Bank Negara had to take action against 1Malaysia Development Bhd (1MDB) to protect the integrity of the financial system, according to governor Tan Sri Dr Zeti Akhtar Aziz, who said an improvement in the country’s political situation would help the ringgit.

The attorney general’s office earlier this month dismissed the central bank’s second request for criminal proceedings against 1MDB for breaching the Exchange Control Act.