Outstanding business loans stronger at 5.6% in June - Bank Negara

Quick Summary:

KUALA LUMPUR: Outstanding business loans grew at a stronger rate of 5.6 per cent in June 2024 compared to 4.8 per cent in May, supported by both working capital and investment-related loans.

Meanwhile, both the headline and core inflation remained unchanged in June at two per cent and 1.9 per cent, respectively.

The central bank said the United States (US) Federal Reserve (Fed) officials reiterated their patience in allowing its monetary policy to remain restrictive while awaiting further progress on US inflation and the labour market.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: MalaysiaUnited States

Topics: Monthly highlights Inflation /Business/Business News US Fed Loan BNM Banking Ringgit

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 16:20:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 449 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21869845

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 41 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 12 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions