KUALA LUMPUR - Malaysia's consecutive interest rate hikes, which are expected to continue until year end, have stirred up debate and caught the attention of politicians. The country is already feeling the impact of creeping inflation amid talk of a general election in the coming months.
Central bank Bank Negara Malaysia has raised its overnight policy rate (OPR) three times since May this year, with many analysts and economists expecting it to continue similar moves until the end of the year - effectively bringing interest rates to pre-pandemic levels.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you