KUALA LUMPUR, March 29 ― The Monetary Policy Committee’s (MPC) monetary policy considerations will focus on managing inflation risks while supporting sustainable economic...
KUALA LUMPUR, March 29 ― The Monetary Policy Committee’s monetary policy considerations will focus on managing inflation risks while supporting sustainable economic growth in 2023, said Bank Negara Malaysia .
BNM said while global cost factors have shown signs of moderation, inflationary pressures continue to depend on global commodity prices and financial market developments, as well as changes in domestic policies on subsidies and price controls. However, it said the current environment remains uncertain, and as such, the MPC’s decisions will continue to depend on the current developments and their implications on the overall outlook of domestic inflation and growth.
In her foreword for the report, she said the flexibility in the ringgit’s exchange rate ― which helps to buffer the impact from the rapid and sizeable global monetary tightening on the domestic economy ― will continue to facilitate appropriate macroeconomic adjustments in the face of external shocks.
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