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.