BNM governor denies OPR rise has resulted in bankruptcies going up | TheStarTV.com

BNM governor denies OPR rise has resulted in bankruptcies going up

Published on 12 May 2023 10:19:03 PM

Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus has denied that the increase in the overnight policy rate (OPR) has led to a rise in bankruptcies.

She said that after announcing the first quarter (1Q) 2023 Economic Performance at Sasana Kijang on Friday (May 12) that there are no figures to support such an allegation, adding that as a matter of fact, on aggregate, households have continued to hold financial assets in excess of debt which have enabled them to manage higher borrowing costs.

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Keywords
bank negara, opr, economic growth, interest rates, nor shamsiah mohd yunus, bnm governor, overnight policy rate, bankruptcy, debts, news, malaysia

Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus has denied that the increase in the overnight policy rate (OPR) has led to a rise in bankruptcies.

She said that after announcing the first quarter (1Q) 2023 Economic Performance at Sasana Kijang on Friday (May 12) that there are no figures to support such an allegation, adding that as a matter of fact, on aggregate, households have continued to hold financial assets in excess of debt which have enabled them to manage higher borrowing costs.

Read more at https://bit.ly/3Biyfe8

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
bank negara, opr, economic growth, interest rates, nor shamsiah mohd yunus, bnm governor, overnight policy rate, bankruptcy, debts, news, malaysia

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