Zeti sticks with growth target as global risks mount

Washington

MALAYSIA will meet its economic expansion target this year even as risks to global growth mount and greater volatility may persist in capital flows, says Bank Negara Malaysia (BNM) governor Zeti Akhtar Aziz.

Price pressures are "quite contained" due to lower fuel and commodity costs and slightly slower demand, Dr Zeti said in an interview last Saturday in Washington, where she attended the Group of 20 (G-20) meeting of finance ministers and central bank governors. Until there is more clarity to the growth and inflation outlook, the current monetary stance remains accommodative and supportive, she said.