OPR Hike will Affect Economic Growth?
Monetary policy decisions affect many facets of a nation’s economy. As such, it is often the case that such decisions are closely watched and debated not just by financial markets, but also by the general public.
The lively conversations around the BNM Monetary Policy Committee’s (MPC) decision to raise the OPR by 25 basis points on 3 May exemplify this fact.
Deciding on the OPR isn’t something BNM takes lightly. There are many factors that the MPC considers. BNM's analysis is based on a broad range of forward-looking data and engagement with various industries and consumers.
So, would OPR hike affect our economic growth?
Below is the answer provided by BNM:
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