WASHINGTON DC: Malaysia's inflation has probably peaked and price pressures may ease as the global economy deteriorates, said central bank governor Tan Sri Zeti Akhtar Aziz, joining neighbours in signalling less pressure to tighten policy.
“Right now, we have to wait for greater clarity on the outlook for growth and inflation before taking any further adjustments” on interest rates, Zeti said in an interview in Washington late Sunday. “Given the more moderate global growth and in terms of the external environment and its implications on the domestic economy, we believe domestic sources of inflationary pressures will be less.”