THE spectre of higher inflation seems to be just around the corner due to the higher cost of crude oil, food, commodities and the impending fuel and toll hikes, but several banks are unfazed, saying that it has either been factored in or that it is manageable.
A report last week quoted Second Finance Minister Tan Sri Nor Mohamed Yakcop as saying that the inflation for the year was estimated to be between 2.0% and 2.5%.
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