Interest rates stable despite depreciation of ringgit, says Liew

GEORGE TOWN: The ringgit may have depreciated against the US dollar but interest rates have not increased rapidly, says Deputy International Trade and Industry Minister Liew Chin Tong.

"Bank Negara decided to increase the rate at a very slow pace and not follow the US dollar or Singapore dollar because Malaysian household debt is at nearly a 90% ratio to our gross domestic product (GDP).