PETALING JAYA: Economists are mixed in their views on whether the benchmark interest rates should be reduced further against the backdrop of more economic downside risks.
The different opinions on the monetary policy include calls for further reduction in the overnight policy rate (OPR) to lower costs of doing business, temporarily maintaining OPR at the current 2% and a halt in the cut in OPR to prevent the negative side effects of a near zero interest rate syndrome.
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