Economy Minister Rafizi Ramli says Bank Negara Malaysia’s overnight policy rate hike is one of the instruments used to control the cash flow in the economy. – The Malaysian Insight file pic, May 8, 2023.
Commenting on the central bank’s decision to raise the OPR by 25 basis points to 3% last week, he said the move will increase the cost of loans, thus inadvertently, the government will have to manage its expenditures more efficiently.
Source: Financial Digest (financialdigest.net)
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