Are Rate Cuts Really the Best Medicine?

Wellian Wiranto, Economist, OCBC Bank

05-May-20 09:15

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Ahead of Bank Negara’s Monetary Policy Committee meeting, we discuss the likely outcome and outlook for the Malaysian economy with OCBC economist Wellian Wiranto. Contrary to street expectations, Wellian believes BNM could hold rates for the time being, as the loans moratorium reduces the impact of an interest rate cut. He also shares his thoughts on the impact of the Conditional MCO and the potential shape of economic recovery.

Produced by: Shazana Mokhtar

Presented by: Lyn Mak, Wong Shou Ning

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Categories: Politics, Law and Legal Matters, Business Analysis, Trends and Forecasts, Markets, Social Issues, Investments

Tags: Bank Negara, MPC, interest rates, economy, oil price, fiscal deficit,

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