Former finance minister Lim Guan Eng urges Bank Negara Malaysia not to further increase its overnight policy rate as past efforts had little effect in quelling growing inflationary pressures. – The Malaysian Insight file pic, September 6, 2022.
BANK Negara Malaysia has been urged not to further increase its overnight policy rate as past efforts had little effect in quelling growing inflationary pressures. In a statement, former finance minister Lim Guan Eng said raising the OPR would instead adversely affect the people’s socio-economic wellbeing, the domestic investment climate and the country’s post-pandemic economic growth facing pressure from rising prices.
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Guan Eng: Bank Negara should stop hiking OPR as it has no impact on inflationKUALA LUMPUR, Sept 6 — DAP national chairman Lim Guan Eng today said Bank Negara Malaysia (BNM) should stop hiking its overnight policy rate (OPR) as raising interest rates has... Ade impact sebenarnya. Kena byk baca pasal impact of interest rate in controlling the inflation. Of course the economy will slow down but lepas tu pump balik ler. Seriously, guanenglim? Then what has the US Fed been doing all along? tonypua rafiziramli MSabu_Official anthonyloke anwaribrahim tzafrul_aziz BNM_official
Source: malaymail - 🏆 1. / 86 Read more »
DAP urges Bank Negara not to raise interest ratesGuan Eng says hiking OPR counterproductive as inflation due to other factors. BNM should not increase the OPR. It would be the third time and way too soon to put so much pressure on the people who are still finding it hard to deal with high cost of living. IsmailSabri60 what the heck are you doing? Is this your keluargamalaysia bullshit? Unker.... Unker marah harga barang naik, tapi takmoh naik interest rate. Now the only way is deflationary fiscal policy. Ada berani sebut pada suppoters mahu tambah tax dan potong subsidy and gaji kakitangan awam? Don't let this man mislead you again. It's true that inflation is caused by many factors like supply-chains. But as the US Fed have said, governments have no control over most of these factors. The choices are galloping inflation or face a recession. Recession is preferred.
Source: malaysiakini - 🏆 20. / 51 Read more »
Guan Eng gesa BNM berhenti naikkan kadar faedah | The Malaysian InsightBekas menteri kewangan berkata ia hanya tindakan sia-sia kerana akan menjejaskan kesejahteraan sosio-ekonomi rakyat.
Source: msianinsight - 🏆 8. / 63 Read more »
Annuar perlu jelas tindakan berhubung kebocoran data iPay88, kata Guan Eng | The Malaysian InsightMenrutunya sehingga kini tiada laporan perkembangan berhubung siasatan yang dijalankan. Like how Gobind did nothing when the first MCMC leak happened? Was that before 2018? Think so but still...
Source: msianinsight - 🏆 8. / 63 Read more »