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Electricity tariff review may have temporary effect on inflation, says Zeti
by hlk Tue 03 Dec 2013, 19:49
Business & Markets 2013
Written by Bernama
Tuesday, 03 December 2013 15:53
A + A - Reset
KUALA LUMPUR (Dec 3): The electricity tariff review effective Jan 1, 2014, is
expected to have a temporary effect on the country's inflation rate, probably
increasing slightly to 3.0 per cent next year from 2.8 per cent currently, Bank
Negara Governor Tan Sri Dr Zeti Akhtar Aziz said today.
She said the central bank does not look on a month-to-month basis.
"Our early assessment is that it may cause a rise in inflation by 0.4 per cent.
Therefore, given the current rate is 2.8 per cent, it could touch 3.0 per cent,"
she told reporters after delivering a talk at the Leadership Energy Summit Asia
2013 today.
Zeti was responding to reporters' queries on the electricity tariff review
announcement by the government yesterday.
"We look at the trend and our assessment is that this adjustment will have a
temporary effect on inflation," she added.
Written by Bernama
Tuesday, 03 December 2013 15:53
A + A - Reset
KUALA LUMPUR (Dec 3): The electricity tariff review effective Jan 1, 2014, is
expected to have a temporary effect on the country's inflation rate, probably
increasing slightly to 3.0 per cent next year from 2.8 per cent currently, Bank
Negara Governor Tan Sri Dr Zeti Akhtar Aziz said today.
She said the central bank does not look on a month-to-month basis.
"Our early assessment is that it may cause a rise in inflation by 0.4 per cent.
Therefore, given the current rate is 2.8 per cent, it could touch 3.0 per cent,"
she told reporters after delivering a talk at the Leadership Energy Summit Asia
2013 today.
Zeti was responding to reporters' queries on the electricity tariff review
announcement by the government yesterday.
"We look at the trend and our assessment is that this adjustment will have a
temporary effect on inflation," she added.
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