Insight - Is country’s surprise interest rate hike the right move?

No matter how much the ringgit weakens, the volume of exports is not going to spike up because of supply chain bottlenecks and also the looming global recession, said former Inter-Pacific Securities head of research Pong Teng Siew.

WITH the economy just recovering from the Covid-19 lockdowns, is it the right move for Malaysia to nudge up its interest rate even by just 25 basis points (bps) to 2%?

Those who have been struggling in the past two years would probably feel it is too fast to contend with higher rates.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights


Next In Business News

Audit: No systemic forced labour at V.S. Industry
Maybank to increase base rate, BLR
Khazanah will continue to explore new potential investments, collaborations in Turkiye
KLCI tumbles 19.96 points, lowest since May 2020
Macau locks down landmark Lisboa hotel after COVID cases found
Bursa Malaysia onboards Malacca Securities as first Islamic participating organisation
ACE Market-bound UMediC aims to raise RM31.11mil from IPO
Bank Negara raises OPR by 25bps to 2.25%
Oil prices bounce back from Tuesday tumble as supply concerns return
Malaysia awaits rate decision; recession woes hurt Asian currencies

Others Also Read