Malaysia's central bank sees economy, exports growing faster in 2017

Kuala Lumpur

MALAYSIA'S central bank said on Thursday it expects economic growth to pick up in 2017 for the first time in three years, but suggested it was in no rush to roll back measures imposed last year to stabilise the fragile ringgit currency.

Bank Negara Malaysia (BNM), in its annual report, projected the economy to grow 4.3-4.8 per cent this year, compared with last year's 4.2 per cent.

The target, if achieved, would end two years of slowing growth and provide a boost for Prime Minister…