FILE PHOTO: A general view of the Central Bank of Malaysia in Kuala Lumpur, Malaysia, July 31, 2019. Picture taken July 31, 2019. REUTERS/Lim Huey Teng/File PhotoKUALA LUMPUR : Malaysia's central bank on Wednesday called for an acceleration of structural reforms to ensure long-term strength, with economic growth set to benefit from a recovery in exports and robust domestic spending this year.
"We can be cautiously confident that a good year is ahead of us," BNM Governor Abdul Rasheed Ghaffour said in the foreword to the central bank's 2023 economic and monetary review. New taxes and changes to utility tariffs aimed at boosting government revenue were expected to have a marginal impact on inflation, BNM said.
Source: Financial Digest (financialdigest.net)
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