BANK Negara said the decision to hold interest rate at record low was “appropriate and accommodative, ” but said the overall outlook remained subject to “downside risks.”
RM15bil Permai package
MALAYSIA on Monday unveiled an additional RM15bil worth of stimulus, its fifth economic package in less than a year, as surging number of new Covid-19 cases prompted the government to re-introduce the movement control order (MCO) that has been expanded from Friday to all states except Sarawak.A nationwide state of emergency order has also been declared. Since March last year, the government had announced four economic stimulus packages worth RM305bil to combat the virus.
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