KUALA LUMPUR: The International Monetary Fund (IMF) gave the thumbs-up to Malaysia for its resilient economy in recent years as well as its financial system. Real GDP growth has surprised on the upside, growing at 5.9 per cent year-over-year in the first three quarters of 2017. On the monetary policy stance, she said Bank Negara Malaysia should be ready to raise the policy rate should leading indicators suggest the emergence of overheating pressures. “The financial sector is resilient. The report is expected to be presented to the executive board of the IMF in February 2018.

Source: New Strait Times December 12, 2017 02:26 UTC