Brunei financial sector remains healthy amid challenging global environment: central bank

2017-08-12 15:45:19 GMT2017-08-12 23:45:19(Beijing Time) Xinhua English

BANDAR SERI BEGAWAN, Aug. 12 (Xinhua) -- Brunei's key financial soundness indicators in the banking sector remained at healthy levels amid challenging global environment, the country's central bank, Autoriti Monetari Brunei Darussalam (AMBD) said.

According to its latest bi-annual policy statement for the first half of 2017 released on Saturday, AMBD said the global economy continued to expand, though at relatively moderate rate.

The domestic economy showed improvement in recent export data contributed by higher crude prices. Domestic inflation is expected to be in the range of -1.1 to -0.1 percent in 2017.

The central bank said it will continue to review the regulatory environment to provide conducive financial sector landscape.

Brunei continued to benefit from low domestic inflation and high confidence in the durability of the country's macroeconomic stability, AMBD said, adding that it will continue to enhance its policymaking and regulatory capacity to fully undertake the responsibilities placed upon it.

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