Central Banker Report Card

Assalamualaikum,
Saja nak berkongsi kebanggaan tentang kejayaan Gabenor BNM mengekalkan grade A sepanjang tiga tahun berturut-turut. Ini menunjukkan bahawa Tan Sri Dato' Sri Zetty Akhtar Aziz adalah antara gabenor bank pusat terbaik di dunia.

GRADE : A

Malaysia Zeti Akhtar Aziz Malaysia scrapped its currency peg to the dollar on July 21 and moved to a managed float against a basket of currencies. Zeti Akhtar Aziz told reporters shortly after China revalued the yuan that it was important for Malaysia to have a stable currency against its major trading partners and in relation to regional currencies in particular. The country's gross domestic product is expected to expand between 5% and 6% this year, down from 7.1% growth in 2004. Consumer price inflation rose to 3.2% in June, the highest in six years, but eased to 3% in July. Economists say Malaysia can tolerate an inflation rate of up to 5%. Removal of the seven-year-old dollar peg will give Zeti more flexibility to raise interest rates if necessary. The central bank expects inflation to ease in the fourth quarter and sees no need to raise interest rates now. Meanwhile, Zeti is continuing with her campaign to make Malaysia a global center for Islamic finance. She is encouraging the development of a wider range of Islamic financial instruments, including derivatives.