Growth still steady, says BNM governor

Abdul Rasheed: Headline inflation is projected to remain moderate, averaging between 1.5% and 2.3% in 2025.

THE growth in capital imports will strengthen Malaysia’s exports in the long term, as the operationalisation of data centre investments is expected to contribute to services exports, says Bank Negara Malaysia (BNM) governor Datuk Seri Abdul Rasheed Ghaffour.

Speaking at a media conference on the country’s gross domestic product (GDP) growth for the second quarter of 2025 (2Q25) yesterday, the central bank head was commenting on the current account of the balance of payments, which recorded a lower surplus of RM300mil, or 0.1% of GDP, in 2Q25 – compared to the RM16.7bil in 1Q25, which represented 3.4% of GDP.