Tag: when inflation rate is higher than the fixed deposit rate
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When FD rate is below inflation…. for Malaysia
I heard on radio about a promotion for a Fixed Deposit with a local bank today, 19th April 2017. The advertised rate was 4.5 percent per annum. Well, at the same time, I read about the news in themalaymail that the annual consumer inflation hit 5.1 percent. This is the highest within the past 8…