Interest cuts, fiscal stimulus can cushion Covid-19 economic shocks
Interest cuts by Bank Negara Malaysia coupled with the government's stimulus packages will be able to cushion the Covid-19 pandemic's economic impact on the country, say economists. – The Malaysian Insight file pic, July 12, 2020.
LOW interest rates coupled with the fiscal stimulus will help cushion the severe shock stemming from the shutdown of economic activities due to the Covid-19 pandemic and its after-effects, said economists. Their outlook stems from Bank Negara Malaysia’s new reduction in the overnight policy rate by further 25 points toEffective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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