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Zeti: Malaysia can manage inflation

Malaysia’s inflation will be affected if the country has high commodity prices that would translate into high food prices, said Bank Negara Malaysia Governor Tan Sri Zeti Akhtar Aziz.

“It’s something that we can manage,” she said on the sidelines of the Kijang Emas Scholarship Award 2011 today, when asked whether Malaysia’s inflation would be similar to that of Singapore.

“People should learn how to economise and be more efficient in their energy usage, in driving cars, and pooling. All these are things we can do to manage environment where you have rising fuel and food prices,” she added.

According to recent reports, Singapore’s inflation rate is expected to reach 4.4 per cent for the second quarter.

On whether the inflation rate would be revised, Zeti said: “Not at the moment”.

Malaysia’s inflation rate rose to a 24-month high of 3.2 per cent, year-on-year, in April after a 3 per cent increase in March.

The three recipients of the Kijang Emas Scholarship Award 2011 are Arman Shukri Hamidon, Arjunan a/l Selvamani and Tan Heang-Lee.

The Award, for top achievers in the 2010 Sijil Pelajaran Malaysia gives the recipients freedom to pursue their own field of study in top notch universities in any country of their choice.

Bank Negara does not impose any bond on the recipients and the only requirement is for them to return to Malaysia and serve the nation.– Bernama

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