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.
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