Central bank planning to continue monitoring household debt closely.

By bne IntelliNews March 23, 2012
Malaysia's central bank, Bank Negara Malaysia (BNM) is planning to continue monitoring household debt closely. As reported by Bernama Daily Malaysian News, measures that have already been adopted are likely to help in boost the resilience of the household sector. The nation's household debt grew at a more reasonable pace, after a prolonged upward trend since 2009, as the range of measures introduced earlier by the central bank began to take effect. The nation's households in general remain financially sound, with strong financial buffers to take care of debt obligations and lessen income shocks.

Related Articles

Hong Kong's composite interest rate registered 0.25% in February

Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more

Thailand's government expected to promote export-oriented SMEs.

Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more

Small companies concerned about various government incentive schemes.

Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss