Domestic economy grew 2.6pc in first half of 2020

The domestic economy grew by 2.6 per cent year-on-year in the first half of 2020, Autoriti Monetari Brunei Darussalam (AMBD) stated in its bi-annual policy statement on Thursday for the second half of 2020.

AMBD’s inflation forecast for 2020 remains in the range of one per cent to two per cent with inflation in 2021 forecast to be in the range of zero per cent to one per cent. AMBD highlighted that the overall risk level of the banking sector for Q3 2020 was lower compared to Q2 2020.

More details on Weekend’s Borneo Bulletin