KUALA LUMPUR: There is no need for Malaysia to rush into implementing capital control measures to deal with the current flow of hot money into the country, says Malaysian Institute of Economic Research (Mier) executive director Dr Zakariah Abdul Rashid.
I believe Bank Negara has sufficient instruments at the moment to manage the risks inherent in the massive inflow of short-term capital, he told reporters after addressing the National Economic Outlook Conference 2011-2012 organised by Mier yesterday.
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