PETALING JAYA: As Bank Negara Malaysia (BNM) gradually raises the Overnight Policy Rate (OPR) to pre-pandemic levels, many are worried, especially over higher loan repayments, but experts say there are also benefits to consider.
The central bank raised the interest rate by 25 basis points (bps) to 2.25% on Wednesday on top of the 25bps hike from 1.75% in May this year. The consensus is that another rise is on its way.
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