MoF monitoring effects of OPR hike on loans

Deputy Finance Minister 1 Datuk Mohd Shahar Abdullah said Bank Negara’s decision to increase the OPR by 50 basis points to 2.25% from 1.75% was made when the economic indicators were showing positive signs.

PETALING JAYA: The Finance Ministry or MoF is monitoring the effects of the increase in the overnight policy rate (OPR) on the amount of consumer loan repayments.

Deputy Finance Minister 1 Datuk Mohd Shahar Abdullah said Bank Negara’s decision to increase the OPR by 50 basis points to 2.25% from 1.75% was made when the economic indicators were showing positive signs.

Mohd Shahar said various measures had been implemented by the government to control the increase in the prices of basic goods and services. — Bernama