KUALA LUMPUR: Controlling inflation alone is insufficient to alleviate cost-of-living pressures, said Bank Negara Malaysia (BNM), highlighting the urgent need for structural reforms to address stagnant wage growth and ensure that incomes keep pace with rising prices.
Deputy Governor Datuk Marzunisham Omar said that although headline inflation has eased significantly due to timely monetary policy tightening, price levels remain elevated, thereby reducing household purchasing power amid moderate wage growth.
