AmBank Group chief economist Anthony Dass(pic), who is projecting a 4.5% GDP growth this year for Malaysia, said the economic growth hinges largely on domestic demand and private investment. To this end, he told StarBiz it is imperative for the government to arrest the alarming decline in private-sector investments which has slid from 6.9% in the third quarter of last year (3Q18) to 0.4% in 1Q19.
PETALING JAYA: There will be no change to the borrowing costs of Malaysian households, following Bank Negara’s decision to retain the benchmark overnight policy rate (OPR) at 3.25%.
AmBank Group chief economist Anthony Dass said the unchanged OPR would have minimal impact on the spending behaviour of Malaysians, moving forward.
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