Malaysia trims GDP outlook, focuses monetary policy on recovery

Published on 30 Mar 2022 4:32:04 PM

Malaysia’s central bank slightly lowered its economic growth outlook for this year and pledged any changes to its accommodative monetary policy would be "measured and gradual” as it flagged risks from the pandemic and geopolitics.

Bank Negara Malaysia said in its annual Economic and Monetary Review on Wednesday (March 30) that Gross domestic product may expand 5.3% to 6.3% this year.

Governor Tan Sri Nor Shamsiah Yunus added that Malaysia isn’t "out of the woods,” but is better prepared for further challenges, due to improved Covid management and higher vaccination rates.

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Keywords
bank negara malaysia, bnm, nor shamsiah mohd yunus, gross domestic product, gdp, growth, projection, malaysia, economic growth, monetary policy, pandemic, geopolitics, ukraine, russia, bank negara governor, vaccination, news, business news

Keywords:
bank negara malaysia, bnm, nor shamsiah mohd yunus, gross domestic product, gdp, growth, projection, malaysia, economic growth, monetary policy, pandemic, geopolitics, ukraine, russia, bank negara governor, vaccination, news, business news