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Category: BNM and Economy

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BNM and Economy

Cutting interest rates show economy is good, right?

Yes, it has been increasing and increasing and increasing within just a period of 2 years. From close to zero (0.25 percent), it has risen to current 5.5 percent. If you know a country is about to keep increasing their rates, institutional investors would be attracted to their currency, especially if they are the largest reserve currency in the world. Even if they run deficits and they need to keep borrowing money to pay off their debts which now stands at US$34 trillion.

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woman looking at a receipt and making a surprised face
BNM and Economy

International Monetary Fund: Modest Growth Over the Next Two Years

I really have no idea why people prefer to read bad news and tell the world versus reading about good news and treating it as if nothing happened. Ask any business owner or working professional and they will tell you all the issues with their business and how they are underpaid in their company but at the same time, we kept seeing car sales going up.

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BNM and Economy

Oh dear. Ringgit vs other currencies, up or down?

Suddenly, we have good news about Ringgit. Okay, actually there has been some good news here and there within the past few weeks. However, suddenly every media is reporting good news about Ringgit yesterday (12 July 2024). Here are some of them:

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white paper on a vintage typewriter
BNM and Economy

OPR is maintained at 3 pct because of a few valid reasons

Until today, I still have friends who continue to think the Malaysian economy is collapsing soon. I wonder what would they really do if that happens. Get an opportunity to buy great assets at super low prices? Property in a popular neighbourhood at the price of a not popular neighbourhood? (yeah, sure…)

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inflation
BNM and Economy

Inflation Malaysia hits a new high! How high?

Everyone is worried about inflation, right? Well, nearly everyone except for those whose earnings are running faster than the inflation rate as well as those whose personal inflation is just lower than the national average. By the way, it’s possible yeah. If the price of a typical fish is expensive and you switch to a cheaper fish type, the inflation can be negative yeah. Anyway, that’s another story. Now, it’s been announced that inflation Malaysia is up and it’s a new record high!

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