On Wednesday, BNM has retained the Overnight Policy Rate at 1.75 per cent at its final Monetary Policy Committee meeting of the year, making the policy rate unchanged since July 2020.
She said the country is also poised to fully reopen by 1H2022, thanks to the high vaccination rate of 75 per cent of the population, enabling the resumption of international travels for fully vaccinated citizens. Additionally, Cheok said cash aid and wage subsidies are expected to help to lower the unemployment rate.
"The government has announced its largest-ever budget at RM332.1 billion for 2022, surpassing this year’s RM322.5 billion budget,” she said.
Most sectors won't respond to such pull as it didn't know or pretended they didn't aware of how seriously bad the businesses on the ground being buffeted asunder by pandemic. Some were vanished...
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