BREAKING: OPR increased to 3% unexpectedly, High inflation likely to come soon
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 May 3 2023, 05:56 PM
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#1
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Senior Member
1,374 posts Joined: Feb 2016 From: Milky Way 
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Most of my excess cash already locked in previous FD rate. But this is still good news for further placement. Hopefully MYR will not devalue as much with this OPR hike.
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May 4 2023, 11:21 PM
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#2
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Senior Member
1,374 posts Joined: Feb 2016 From: Milky Way
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QUOTE(fabu8238 @ May 4 2023, 10:11 AM) This 0.25 rate hike if it faile to strengthen ringgit only serves to make rakyat suffer. It will make no impact on inflation. Economists at BNM are like those of other banks - stark blind and not exposed to reality Merely 0.25 point rise, u should be grateful if this is enough to lessen the MYR devaluation, instead of hoping for miracle of MYR strengthening.   |
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