Bank Negara: Inflation tame despite concerns

Bank Negara Governor Datuk Nor Shamsiah said the continued progress in key infrastructure projects and expansion in the commodity and manufacturing sectors’ capacity will help support a broader recovery.

GROSS domestic product (GDP) in the third quarter of 2021 shrank by 4.5%, but inflation is not yet a concern at the moment despite it being almost a global issue.

“Growth (GDP) will accelerate to 5.5% to 6.5% next year. We are also not seeing any indications of a broad-based price increase or excessive wage pressures.