QUOTE(boyboycute @ Nov 17 2023, 02:49 PM)
As long our Taikor dare not increase interest rate, Ringgit will continue its downtrend against USD. It's better for companies doing export. Revenue in USD while wages in Ringgit. Meanwhile, Rakyat will continue to suffer due to higher cost of living.
My guess is because our household and companies are heavily indebted, our Taikor kena pressure to keep interest rate lower for longer. He needs to keep the country financial well to borrow more cheaply.
Kesian those who have pension and retirement fund EPF. Their savings value got incinerated. But nothing to worry. Not many common people will understand what hit them. They will only bising when mortgage payment increase on monthly basis. U must understand that most have short term thinking
Well said π when many still thinks that EPF is god send π€¦ββοΈ while depreciating RM still on trend till they once retire for good π€¦ββοΈ but by then too lateMy guess is because our household and companies are heavily indebted, our Taikor kena pressure to keep interest rate lower for longer. He needs to keep the country financial well to borrow more cheaply.
Kesian those who have pension and retirement fund EPF. Their savings value got incinerated. But nothing to worry. Not many common people will understand what hit them. They will only bising when mortgage payment increase on monthly basis. U must understand that most have short term thinking
Cash is still king but in USD π
Nov 17 2023, 05:02 PM

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