MALAYSIA’S economic growth may surpass the official estimates of between 5.3 and 6.3% this year, as the country saw faster growth in the second quarter at 8.9%.

Finance Minister Tengku Zafrul Abdul Aziz said Malaysia is likely to chart even stronger growth in the third quarter despite a weaker global economy as well as the rising US dollar. 

“The new number (forecast) will be announced on October 7. 

“Also important is that inflation in Malaysia is now around 2.8% in the first seven months. Our monetary policy remains accommodative although Bank Negara Malaysia has increased the overnight policy rate (OPR) by (another) 25 basis points to 2.50% but it is still lower than what it was before the (Covid) crisis at 3.0 to 3.25%,” he said at the Recovery and Resilience: Spotlight on Asean Business forum today. – Bernama, September 12, 2022. 

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