KUALA LUMPUR, Sept 2Bank Negara Malaysia needs a different financial solution instead of raising the overnight policy rate because of worries it may burden Malaysians along with inflation and the rising cost of living, an economic analyst said.
"The interest adjustment will definitely burden the people, not to mention the cost of living that has increased cumulatively from 2019 until now,” she was quoted as saying. She reportedly went on to explain that the drop in value for the ringgit contributed to the rising price of imported food, providing an example that if the total of imported food was RM55 billion, then it has in the past year risen to RM63 billion.
"In theory, raising the OPR is meant to reduce inflation, but it must be handled carefully because we don’t want it to burden individual borrowers and businesses,” she was quoted as saying.
Analyst is like PH. Talk only. When and if they're in the Position of decisions making. They'll screw up and blame everything.
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BNM_official is a failure. They should be instrumental in the prevention of corruption and money laundering. Looks like they are doing the opposite. Complete failure!... Just gaji buta!
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