Daily Industry News Update (14 May 2022)

OPR hikes to reduce property buying tendency

THE Monetary Policy Committee (MPC) of Bank Negara Malaysia’s decision to increase the Overnight Policy Rate (OPR) by 25 basis points (bps) to 2% is expected to reduce property buying tendencies.

Combating inflation: Raising interest rates alone may not do the trick

THE world is being pressed by financial interests to raise interest rates, ostensibly to check inflation. After the US Federal Reserve started raising interest rates, more central banks have