BR1M good for the economy, says Bank Negara

KUALA LUMPUR: The 1Malaysia People’s Aid (BR1M), a brainchild of Bank Negara Malaysia, has been helpful in providing assistance at the household level by assisting low-income groups mitigate the pressures from subsidy rationalisation undertaken by the Government.

According to the central bank, BR1M has supported consumption and growth as the low-income groups’ marginal propensity to consume was high.