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04-11-2022, 07:49 AM
He said the US Federal Reserve’s (US Fed) announcement on Wednesday, which raised the benchmark lending rate by 0.75 percentage points, has elevated the lending rate in the world’s largest economy to four per cent compared with Malaysia’s current level of 2.5 per cent.
"So, the ringgit rate and all of this will depend on the economic fundamentals and interest rates prevailing in the US,” he told reporters after officiating the Karnival Kerjaya Jamin Kerja Keluarga Malaysia Kuala Selangor 2022 here today.
Nevertheless, he said the overnight policy rate (OPR) is an independent decision by Bank Negara Malaysia (BNM).
https://www.thestar.com.my/business/busi...l#cxrecs_s
"So, the ringgit rate and all of this will depend on the economic fundamentals and interest rates prevailing in the US,” he told reporters after officiating the Karnival Kerjaya Jamin Kerja Keluarga Malaysia Kuala Selangor 2022 here today.
Nevertheless, he said the overnight policy rate (OPR) is an independent decision by Bank Negara Malaysia (BNM).
https://www.thestar.com.my/business/busi...l#cxrecs_s
