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Borneo Bulletin Article

Published on 22nd July 2022

Despite global inflation concerns, the Brunei Darussalam Central Bank (BDCB) expects Brunei's inflation to remain between 2-3% in 2022. This is attributed to Singapore's tight monetary policy mitigating external inflationary pressures. The BDCB also reported a 7.9% growth in the financial sector's total assets during Q...

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Despite global inflation concerns, the Brunei Darussalam Central Bank (BDCB) expects Brunei's inflation to remain between 2-3% in 2022. This is attributed to Singapore's tight monetary policy mitigating external inflationary pressures. The BDCB also reported a 7.9% growth in the financial sector's total assets during Q1 2022, with Islamic finance accounting for 58%.  While the domestic economy contracted in 2021, the banking industry maintains a robust capital position.

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Brunei's leading English daily, serving the nation since 1953. Published by Brunei Press Sdn Bhd. 
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Borneo Bulletin

Brunei's leading English daily, serving the nation since 1953. Published by Brunei Press Sdn Bhd. 📰📱💻

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