To sustain growth, stop hiking interest rates, says Guan Eng

Malaysia's economy has done unexpectedly well in the second quarter of the year, leading some to question whether the expansion came on the back of premature EPF withdrawals. – The Malaysian Insight file pic, August 13, 2022.

TO sustain robust economic growth, Bank Negara Malaysia (BNM) must stop raising interest rates as it burdens borrowers, Lim Guan Eng said.

The former finance minister called on the government to state whether this year’s strong second quarter growth of 8.9% was largely due to premature EPF withdrawals that were disbursed in April.

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