BNM to keep close eye on euro zone crisis, says Zeti

KUALA LUMPUR, June 12 — Bank Negara Malaysia (BNM) will continue to monitor the developments in Europe closely, said Governor Tan Sri Dr Zeti Akhtar Aziz. Zeti said the country’s domestic demand was still strong and robust.

Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/zeti-hints-at-malaysia-not-cutting-interest-rate/
Published: Jun 13, 2012

Source from (The Sun Daily): http://www.thesundaily.my/news/405526
Published: Jun 13, 2012



However, trade has been affected by the developments in Europe, she said.

“So, we really have to balance it because domestic demand, comprising consumption growing by six to seven per cent, investment of over 10 per cent and loan growth, is still robust and strong.

“This is positive for us going forward and it is likely the growth will be in the range of four to five per cent unless the export growth continues to be affected sharply by the development around the world,” she told reporters after delivering a keynote address at the Financial Institution Directors Education Forum here today.

Malaysia’s exports in April 2012 dipped slightly to RM57.74 billion from RM57.8 billion a year ago, weighed down by slower growth in the major economies and Europe’s debt crisis. — Bernama