KUALA LUMPUR (Jan 21): Malaysia has the right formula to position it on the recovery path in terms of both public health and the economy, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
He said the combination of the recent decisions involving the Overnight Policy Rate (OPR) and the Statutory Reserve Requirement (SRR) as well as Budget 2021 initiatives and the Malaysian Economic and Rakyat’s Protection (PERMAI) assistance package including the expediting of vaccine procurement and encouraging screening of employees were seen as the right formula.
“Most importantly, the measures must be seen in totality, not in isolation,” he said in presenting the 37th Implementation and Coordination Unit Between National Agencies (LAKSANA) Report today.
KUALA LUMPUR: Economists believe the door is open for Bank Negara to consider a rate cut this year despite the central bank keeping the overnight policy rate (OPR) at 1.75%.
Thursday, 21 Jan 2021 05:11 PM MYT
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz a press conference following a visit to the Employees Provident Fund’s headquarters in Kuala Lumpur June 12, 2020. Picture by Miera Zulyana
Subscribe to our Telegram channel for the latest updates on news you need to know.
KUALA LUMPUR, Jan 21 Malaysia has the right formula to position it on the recovery path in terms of both public health and the economy, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.
He said the combination of the recent decisions involving the Overnight Policy Rate (OPR) and the Statutory Reserve Requirement (SRR) as well as Budget 2021 initiatives and the Malaysian Economic and Rakyat’s Protection (Permai) assistance package including the the expediting of vaccine procurement and encouraging screening of employees were seen as the right formula.
Helping hand: RM320mil has been channelled to 9,358 micro SMEs, including those in retail and services, as at Jan 8. RAJA FAISAL HISHAN/The Star
KUALA LUMPUR: Malaysia has the right formula to get on the recovery path in terms of both public health and the economy, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
He said the combination of recent decisions involving the Overnight Policy Rate (OPR), Statutory Reserve Requirement (SRR), as well as Budget 2021 initiatives, the Permai assistance package, expediting of vaccine procurement and increased screening of employees, were all part of the right formula.
“Most importantly, the measures must be seen in their totality, not in isolation, ” he said, presenting the 37th Implementation and Coordination Unit Between National Agencies (Laksana) Report yesterday.
Analysts have mixed views on Bank Negara decision on OPR this week 18 Jan 2021 / 22:06 H.
KUALA LUMPUR: Analysts are mixed in their views on Bank Negara Malaysia’s (BNM) stance on the overnight policy rate (OPR) in the upcoming Monetary Policy Committee meeting on Wednesday.
Bank Islam Malaysia Bhd chief economist Dr Afzanizam Mohd Rashid said the central bank would likely reduce the OPR by 25 basis points at the meeting.
“We have seen that the number of new (Covid-19) infections has yet to subside, leading to the reintroduction of Movement Control Order (MCO) in key states for two weeks. This would result in output loss as human mobility is highly restrictive.