Cutting back to reduce impact

Worrying times: Bank Negara has raised its OPR by 25 basis points (bps) to 2.0% after two years anchored at 1.75% due to the pandemic. — IZZRAFIQ ALIAS/The Star

PETALING JAYA: As tougher times are ahead following the increase in the Overnight Policy Rate (OPR), the public and industry players are bracing for the worst.

For the public, they are curating important steps which include slashing expenses to reduce the impact of the readjustment.