Saturday, July 26, 2008

Interest rate held!

Thanks for the decision. Now perhaps you should look into how to ease the demand congestion, like more ngv outlets...

Bravo Malaysia.

Bank Negara holds off raising rates
By IZWAN IDRIS
PETALING JAYA: Bank Negara kept the overnight policy rate unchanged yesterday despite the pressure to rein in rising prices, as policymakers placed priority on sustaining economic growth.
“While both the risks to higher inflation and the risks to slower growth have increased, the immediate concern is to avoid a fundamental economic slowdown that would involve higher unemployment,'' the central bank said in a statement issued after a scheduled monetary policy meeting.
Bank Negara was originally expected to announce the meeting's outcome at 6pm yesterday, but the announcement was delayed by nearly two hours.


http://biz.thestar.com.my/news/story.asp?file=/2008/7/26/business/21930096&sec=business

No comments: