KUALA LUMPUR (Bernama) – Bank Negara Malaysia (BNM) is confident that the country’s Gross Domestic Product (GDP) growth this year would exceed the 5.0 per cent to 5.5 per cent forecast following the bullish first half-year performance.
“For the first half of the year, we have already got 6.3 per cent, so it is definitely going to exceed the original forecast of 5.0 to 5.5 per cent.
“That’s why we are going to leave it at that for the moment,” Governor Tan Sri Dr Zeti Akhtar Aziz told reporters after launching the Financial Services Professional Board here yesterday.
She was responding to the recent announcement by Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah on the upward revision of the country’s GDP forecast to between 5.5 per cent and 6.0 per cent.
On the overnight policy rate (OPR), Zeti said the central bank would closely monitor the country’s growth as well as inflation, and these two factors would be taken into account before any revision on the interest rate.
The OPR was raised to 3.25 per cent from 3.0 per cent on July 10.