Malaysia's central bank Wednesday raised its economic growth forecast for 2010 and indicated more interest rate hikes are in the pipeline.
Bank Negara Governor Zeti Akhtar Aziz said growth picked up in the fourth quarter and the increased momentum would help the economy expand between 4.5 and 5.5 percent this year, underpinned by strengthening domestic demand and the global economic recovery.
The government earlier forecast 2010 economic growth at 2-3 percent.
The central bank this month raised its key interest rate for the first time in nearly four years, reflecting a strengthening economic recovery.
Gross domestic product rebounded …
No comments:
Post a Comment