Bank Negara stresses the need to recalibrate monetary policy

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Bank Negara Malaysia (BNM) has stressed the importance of recalibrating the monetary policy to avoid the need to be aggressive in raising interest rates, said Tan Sri Nor Shamsiah Mohd Yunus. Read more at

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However, she said the pace would be measured and gradual, after the central bank raised the Overnight Policy Rate by 25 basis points on May 11, which took the market by surprise.

Nor Shamsiah said BNM also recognised that some households would require assistance and targeted assistance are still being afforded through multiple bank channels. "The same goes with the OPR. The OPR needs to be recalibrated with the realities on the ground. The economy is on a firmer footing. There is an improvement in the labour market and it is appropriate to recalibrate the monetary policy,” she said.

However, BNM is optimistic about global growth projections amid improvement expectations of economic activities in China when the country reopens.

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Ni lantikan politik ke bukan?

Stupidity

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