Gradual increase in the overnight policy rate (OPR) will not cause a significant impact, said Deputy Finance Minister I Mohd Shahar Abdullah.
Any decision made by Bank Negara Malaysia (BNM) to adjust the monetary policy in the future would be implemented in a controlled and gradual manner to ensure it would not affect the country’s economic recovery momentum, he added.
Shahar also said the measure would not affect the B40 group significantly.
