Economics
As Zeti Term Ends, Malaysia Poised to Name Central Bank Governor
- Markets in `trepidation' amid uncertainty of her replacement
- Possible candidates include deputy governor, Treasury official
Malaysia Has Yet to Name New Central Bank Governor
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Malaysia’s central bank Governor Zeti Akhtar Aziz has one week to go in the job and investors still don’t know who will replace her.
Zeti is credited by investors with strengthening the credibility and independence of Bank Negara Malaysia in the 16 years she’s been at the helm and the longer Prime Minister Najib Razak drags his feet on announcing a successor, the more market analysts are worrying. It’s something the economy can ill afford with sentiment already under pressure as Najib faces his biggest political crisis since coming to power seven years ago.