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.

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