Malaysia's cbank says domestic demand recovering
Published: 23 Sep 2009 19:10:23 PSTKUALA LUMPUR, Sept 24 - Malaysia's central bank governor Zeti Akhtar Aziz said on Thursday there are clear signs of recovery in domestic demand after the economy shrank by 3.9 percent in the second quarter.
"We expect to see positive growth in the fourth quarter," she said.
She also said interest rates <MYINTR=ECI> at current levels of 2.0 percent were "appropriate".
Most economists say that the Malaysian central bank will keep rates unchanged until at least the second half of 2010.
The central bank said in August it may revise earlier projections of a 4-5 percent contraction in the economy this year.
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