KUALA LUMPUR, May 14 — DAP chairman Lim Guan Eng today questioned Bank Negara Malaysia’s (BNM) decision to increase its overnight policy rate (OPR) to 3 per cent recently. In...
KUALA LUMPUR, May 14 — DAP chairman Lim Guan Eng today questioned Bank Negara Malaysia’s decision to increase its overnight policy rate to 3 per cent recently.
“This has caused some confusion because core inflation had in fact moderated to 3.9 per cent in the first quarter of 2023 , as compared to the final quarter in 2022 of 4.2 per cent . “If BNM was seriously concerned about headline and core inflation they should have immediately hiked up the OPR in January and March 2023 when inflation for the final quarter of 2022 was higher and not wait until now,” he said.
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