AmBank Group chief economist Anthony Dass(pic), who is projecting a 4.5% GDP growth this year for Malaysia, said the economic growth hinges largely on domestic demand and private investment. To this end, he told StarBiz it is imperative for the government to arrest the alarming decline in private-sector investments which has slid from 6.9% in the third quarter of last year (3Q18) to 0.4% in 1Q19.
PETALING JAYA: Bank Negara has left the overnight policy rate (OPR) unchanged at 3.25% at the first meeting of its monetary policy committee (MPC) for this year.
Bloomberg’s current poll of 24 economists showed that most expect the central bank to maintain the benchmark interest rate, which commercial banks refer to in pricing their lending rates, at that level throughout the year amid the softening economy.
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