OPR hike unnecessary right now, says PM

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OPR hike unnecessary right now, says PM
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Anwar Ibrahim cites declining unemployment rate, increasing investments, and low inflation rate as reasons.

Bank Negara Malaysia’s Monetary Policy Committee will hold its last meeting for 2023 tomorrow and on Thursday, with the OPR as one of its topics.

His statement on the OPR comes as Bank Negara Malaysia is set to have its last Monetary Policy Committee for 2023 tomorrow and on Thursday “There are views among economists that in order to strengthen the ringgit, we have to increase the OPR, but we need reasons to justify it. Commenting further on de-dollarisation, Anwar said while its implementation is not easy, it is also not impossible.

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