Malaysia Central Bank Sees Challenging Year as Inflation Climbs
- Bank Negara narrows growth forecast to 4.3%-4.8% from 4%-5%
- Inflation set to accelerate and average 3%-4% on oil prices
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Malaysia’s central bank said this year will be another challenging one for monetary policy as inflation pressure builds and risks loom over the economy.
Gross domestic product is forecast to expand 4.3 percent to 4.8 percent this year, Bank Negara Malaysia said in its annual report in Kuala Lumpur on Thursday. That compares with the government’s earlier forecast of 4 percent to 5 percent for 2017, and a growth rate of 4.2 percent last year.