“The monetary policy is expected to continue to support economic growth and ensure price stability. The report said the monetary policy in 2019 remained accommodative and supportive of growth, amid stable prices. “Borrowing to businesses expanded with total disbursements increasing 0.4 per cent to RM446.3 billion, representing about 63 per cent of total loans disbursed. Loans outstanding to businesses increased by 2.5 per cent to RM610.2 billion, accounting for 35.3 per cent of total loans outstanding. As at end-July 2019, total outstanding household loans grew 4.7 per cent amounting to RM1.01 trillion, which accounts for 58.3 per cent of total outstanding loans in the banking system.

Source: New Strait Times October 11, 2019 08:48 UTC