Malaysia's central bank says it has no plans to let its currency, the ringgit, trade overseas and cut its economic growth forecast this year to between 5 and 6 percent. Bank Negara Malaysia Governor Zeti Akhtar Aziz said Wednesday the growth figure has been downgraded from 6 to 6.5 percent amid heightened global uncertainty and a slowdown in the United States. The revised forecast is based on a 1 percent economic growth in the United States this year and 3.7 percent global expansion. If the U.S. slips into a recession and global growth deteriorates, Zeti said Bank Negara has a package of policies that it can implement to prop up Malaysia's economic growth by half a percent to 1.5 percent, Associated Press reported.
