Monetary policy to remain supportive


  • Business
  • Thursday, 27 Mar 2003

MONETARY policy in 2003 would continue to remain accommodative to support economic growth in an environment of low inflation and enable the strengthening of private consumption and investment. 

Bank Negara said domestic fundamentals had strengthened significantly and there was stronger resilience to external shocks, but added that the global uncertainty could cause the balance of risk to shift towards a possible slowdown in the domestic economy. 

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