PM: OPR Increase Does Not Burden Consumers
14 views · Published 26 January 2018 · 0:53 · Indexed 23 October 2026
Channel: 7Edition · 2018 · News & Politics
Bank Negara Malaysia's decision to raise the overnight policy rate by 25 basis points to 3.25 per cent will not burden consumers as it was very minimal. Prime Minister Datuk Seri Mohd Najib Tun Razak instead said the move has a positive impact on those who have savings as they would get higher returns on their savings. Speaking to the Malaysian media in New Delhi, India, Datuk Seri Najib who is also Finance Minister said BNM's decision was based on the strengthening of the country's economy, besides considering that the time has come for an action to be taken to restabilise the low interest rate. (Soundbite of Datuk Seri Mohd Najib Tun Razak/Prime Minister Subtitle: The OPR increase will restore the situation where after six quarters it reverts to the previous rate level.This is also to prevent us from pursuing a low interest rate regime that would bring great risks to our country.)
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