Tag: accomodative interest rate
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Increasing liquidity and maintaining rates
After Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 3.25 percent and reduced the Statutory Reserve Requirement from 4.00 to 3.5 percent, the market sort of turned positive. Well, according to Credit Suisse, BNM is ‘treading a thin line.’ It’s economist Michael Wan said said that if the market interest rate structure…
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Interest rates ‘accommodative’ and single currency thought
I am happy to read this piece of news from an article today. It quoted the Bank Negara Malaysia’s Governor Tan Sri Zeti Akhtar Aziz as saying that, “Right now, our interest rates are accommodative, and very supportive of the economy. We will review conditions but right now our economy is on a steady growth path…