AmBank not expecting more interest rate cuts


  • Business
  • Thursday, 11 Jul 2019

Sulaiman: If improvements continue to be seen in terms of investment and economic climate, I don’t know if you’d want to do a further rate reduction because money would flow out if the rates are too low.

KUALA LUMPUR: Financial services provider AmBank Group does not expect anymore interest rate cuts if the economic climate continues to improve.

Group chief executive officer Datuk Sulaiman Mohd Tahir said business and investment momentum had picked up in the previous quarter and money was seen flowing in as a result of an improved economic climate.

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