Malaysian economy on track for 4% to 5% growth, central bank governor says

KUALA LUMPUR, July 28 : Malaysia's economy is on track to grow by between 4 per cent and 5 per cent this year despite the global energy supply shock from the Middle East conflict, its central bank governor said at a forum on Tuesday. • Economic growth will likely be towards the upper end of the forecast range as inflation remains manageable, Bank Negara Malaysia Governor Abdul Rasheed Ghaffour said.• The central bank will continue to play its part in maintaining price stability as global uncertainties persist and energy prices remain high, he said.• BNM's policy stance remains in line with the domestic growth and inflation outlook, Abdul Rasheed added. • BNM left its key interest rate unchanged at 2.75 per cent for the sixth straight policy meeting in July.• Headline and core inflation ave