KUALA LUMPUR: Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus has denied that the increase in the overnight policy rate (OPR) has led to a rise in bankruptcies.
She said there are no figures to support such an allegation, adding that as a matter of fact, on aggregate, households have continued to hold financial assets in excess of debt which have enabled them to manage higher borrowing costs.
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