Coordinated support needed alongside OPR cut, says MCA Economic Committee


PETALING JAYA: To strengthen the country’s economic resilience, coordinated economic support measures should be implemented to complement the reduction of the Overnight Policy Rate (OPR), says the MCA Economic and SME Affairs Committee.

Its secretary, Lee Kah Hing, stated on Wednesday (July 10) that while the OPR cut is a proactive monetary policy decision, more needs to be done to revive economic momentum or restore public confidence.

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