Malaysian economy and BNM
Interest rate is up yeah. PAY higher and EARN higher. Good or bad?
There are two sides to a coin. Well, it’s the same as interest rate too. When it goes up, people who has fixed deposits will rejoice because they will earn a higher return on their savings. Well, at the same time, these same people will also have to pay higher loan repayments because the interest rate has risen. Perhaps the worst would be people without savings who could not earn a higher return but has to start paying higher monthly repayments every month. That’s not too good.