Malaysia's GDP expands 6.4% in Q2

Unexpected surge could prompt central bank to hike rates for second time this year

Kuala Lumpur

MALAYSIA'S second-quarter gross domestic product (GDP) expanded a sizzling 6.4 per cent year-on-year in an unexpected surge that could prompt the central bank to raise rates for the second time in 2014.

The expansion was above the consensus forecast of 5.8 per cent and placed average growth during the first half of the year at 6.3 per cent.

The momentum could keep 2014's overall growth above the central bank's forecast of 4.5 to 5.5 per cent, a point that Bank Negara Malaysia (BNM) governor...

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