Bank Negara is not expected to raise rates this year due to more moderate inflation.
WITHOUT a doubt, monetary policy for the remainder of the year will weigh more on growth than on inflation. This was also emphasised by Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz at a media briefing on Wednesday when the second quarter’s GDP was released.
On the same day, the Statistics Department released data showing that July’s prices as measured by the consumer price index gained 1.4% year-on-year to 104.8 and remained unchanged compared to the previous month.
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