QUOTE(Cubalagi @ Apr 25 2020, 06:27 PM)
Where u hear?
Bank Negara MPC meeting on 5th May.
Probably from here:
http://www.theedgemarkets.com/article/bnm-...2%80%94-cgscimbQUOTE(eric.tangps @ Apr 25 2020, 06:52 PM)
Lowered rates, effect will cause pensioners and savers suffering in rates. Lower FD rates.
Punish savers, encourage loan takers.
That has unfortunately been the case for Europe and Japan for quite a while.
In the end it will force pension funds and individuals to take on more risk
Japan has other issues but if you look at Europe, it created a massive demand for income generating assets like property which now hangs in the balance.
QUOTE(!@#$%^ @ Apr 25 2020, 07:34 PM)
have to stimulate economy.
In a normal circumstance that is valid but this time around it is a demand and supply shock so using old methods doesn't always yield the same results.
Australia will be one of the test cases as they have so far moved to to stop the shock temporarily and their measures will last for 6 months.
QUOTE
The federal government will pay eligible employers $1,500 per fortnight for each eligible worker, about 70% of the national median wage.