Malaysian Central Bank Sees Rate Hold in 2024 with Growth at 5%

The Central Bank of Malaysia has announced its intention to maintain interest rates at the current level in 2024. The country's economic growth is expected to remain around 5%. This statement confirms the authorities’ commitment to ensuring stability in an economy that experts believe shows promising prospects for the coming years.

According to the Chairman of the Central Bank of Malaysia, the current economic situation allows for the decision to hold rates. Key factors contributing to this include moderate growth in gross domestic product (GDP) and positive inflation forecasts that remain within acceptable limits.

Additionally, the bank emphasized that attention would also be paid to the international economic situation, particularly fluctuations in financial markets and changes in the political climate in other countries. The Central Bank intends to take measures to maintain financial stability and minimize the impact of external shocks on the local economy.

Overall, local experts note that keeping interest rates could bolster investment and support consumer demand, thereby ensuring a healthy level of economic development in the country.

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