Lower OPR hike caused ringgit's decline, Amir Hamzah tells Parliament

Published on 11 Mar 2024 5:11:44 PM

The lower Overnight Policy Rate (OPR) increase by Malaysia as compared to the Philippines, Indonesia, Korea and India is one of the main reasons for the ringgit's decline, says Datuk Seri Amir Hamzah Azizan.

The Second Finance Minister told the Dewan Rakyat on Monday (March 11) while Malaysia’s OPR remained at 3% after it was increased by 125 basis points, the Philippines, Indonesia, Korea and India increased their key policy rates by 200 to 450 basis points, much higher than Malaysia.

Read more at https://tinyurl.com/54wfryn3

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