Credit growth remains strong at 9pc, says Zeti

KUALA LUMPUR, May 27 — Credit growth in Malaysia remains strong, expanding at the rate of nine per cent, Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz said.

“Therefore, we believe there continues to be access to financing,” she said when asked on the Small and Medium Enterprises (SMEs) concern on access to funding.

Banks should highlight how SMEs could be eligible for funding and not just reject them, she told reporters after giving a luncheon address at the ASEAN SME Conference here today.

On the inflation rate of 1.8 per cent posted in April, Zeti said it was within the central bank’s projection.

“Inflation will be in the region of two per cent for the year and we believe that this is well within what we had anticipated,” she said. — Bernama