KUALA LUMPUR: Interest rates in Malaysia or the overnight policy rate (OPR) will be increased at a gradual pace as there are “side effects” to hiking them too aggressively, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (pic).
“Our economy was growing strongly in the first half of the year at 6.9% and so we can afford to increase the OPR,” Tengku Zafrul said at the “Recovery and Resilience: Spotlight on Asean Business” forum by Bloomberg.
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