The inflation rate, especially of food, rose by 7.3% in November, a steady month-on-month increase. theSun theSundaily inflation Recession2023 OPR banknegara news
: While the nation waits to see if there will be another overnight policy rate hike today or whether the current rate will be maintained by Bank Negara, the key question is, can we afford to have the OPR continue its upward climb?
While various efforts, such as increasing the OPR, have been taken to control excess cash and normalise demand, the reality is that people are still waiting for the situation to improve, or at least be less painful. The same goes for personal loans. In short, loans cost more nowadays because the cost of money has increased. This has resulted in financial liquidity drying up for many.
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