1.Malaysia’s inflation is likely to have hit six to seven per cent in June and the central bank would take action on monetary policy in the event of generalised price increases, Bank Negara Malaysia Governor said yesterday.
2. Costlier food and energy prices pushed Malaysia’s May inflation to a 22-month high of 3.8 per cent, even before the government raised domestic fuel prices in June.
3. Joining a growing rank of Asian countries unable to maintain hefty subsidies in the face of soaring oil prices, Malaysia raised petrol prices by 41 per cent this month and lifted diesel prices by 63 per cent as part of a broad reform of energy policy to prevent subsidies from eating up a third of its budget.
4. Central bank had no immediate plan to hike interest rates if inflation tapers in the second half in line with its forecast.
5. Inflation is a problem vexing the broader Asia region’s policymakers.
2. Costlier food and energy prices pushed Malaysia’s May inflation to a 22-month high of 3.8 per cent, even before the government raised domestic fuel prices in June.
3. Joining a growing rank of Asian countries unable to maintain hefty subsidies in the face of soaring oil prices, Malaysia raised petrol prices by 41 per cent this month and lifted diesel prices by 63 per cent as part of a broad reform of energy policy to prevent subsidies from eating up a third of its budget.
4. Central bank had no immediate plan to hike interest rates if inflation tapers in the second half in line with its forecast.
5. Inflation is a problem vexing the broader Asia region’s policymakers.
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