Bloomberg News

Malaysia Inflation Has Peaked and Stablized, Governor Zeti Says

November 15, 2011

Nov. 15 (Bloomberg) -- Malaysian inflation has peaked and stabilized after accelerating in September, central bank Governor Zeti Akhtar Aziz told reporters in Kuala Lumpur today.

Consumer prices rose 3.4 percent from a year earlier after climbing 3.3 percent in August, the Putrajaya-based statistics department said on Oct. 21. Central bank policy makers left interest rates unchanged at 3 percent for a third straight meeting on Nov. 11, seeking to support growth as Europe’s debt crisis curbs demand for Asian exports.

--Editor: Barry Porter

To contact the reporter on this story: Elffie Chew in Kuala Lumpur at echew16@bloomberg.net.

To contact the editor responsible for this story: Stephanie Phang in Singapore at


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus