OPR hike burdens poor, doesn’t help inflation, says expert

Raevathi Supramaniam Raevathi Supramaniam Updated 1 year ago · Published on 9 Aug 2022 7:00AM · 0 Comments

Professor Rajah Rasiah, an economist says low income earners may end up not being able to service their loans if the overnight policy rate goes up again, leading to defaulters. – The Malaysian Insight file pic, August 9, 2022.

THE 50-point hike in the overnight policy rate (OPR) by Bank Negara will see low income earners who are already facing high household debts, further impacted, an economist said.

Professor Rajah Rasiah, an economist at Universiti Malaya, said low-income earners may end up not being able to service their loans if the OPR goes up again.

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