Zeti: No rate cut barring 'fundamental' slowdown

Kuala Lumpur

MALAYSIAN central bank governor Zeti Akhtar Aziz has signalled she sees no need for an interest rate cut in the near future, barring the threat of a "fundamental" downturn in the economy.

"We are on a steady growth path," Ms Zeti said in an interview in Kuala Lumpur on Thursday, when asked if she was suggesting Malaysia wouldn't change rates in the near term. "If there was a fundamental economic slowdown, the risk to that going forward, on the horizon, then it would prompt a downward adjustment."