Only a quarter of a point?

Bank Negara raised it, but only a quarter of a point. I bet monetarist are damn frustrated. What effect can 25 basis points do? I got the feeling its doing nothing to the economy. Perhaps just want to hint to the monetarist that, dont worry, we are on your side. We are not going to be a socialist.

At this rate, they still have another 2 years to go to hit 2 percent, the point of no return, in terms of housing loan rate.

What will the banks do now? Make announcements parallel to the raise? Let's see whether there is a maverick in this new market environment.

Hint:Not to forget that JP Morgan has just strengthened their Treasury team here in KL.