2023: Looking beyond the challenges

For Malaysia, the year 2022 too was a defining year as the Bank Negara joined other central banks in raising the overnight policy rate (OPR) but obviously at a much more measured and slower pace of increase than its regional peers. — Bloomberg

AS this is the last column for the year, it is an opportune time to reflect on the performance of financial markets, the global economy and factors that defined the year 2022.

What started as a promising year quickly turned into a nightmarish year for most investors as Russia’s invasion of Ukraine and the resulting impact on the global economy had a devastating impact.