GE15: introduce across-the-board moratorium, urges PBM

GE15: introduce across-the-board moratorium, urges PBM

1 month ago

KUALA LUMPUR – Parti Bangsa Malaysia (PBM) has called on the government to introduce an across-the-board moratorium for all bank loans following Bank Negara Malaysia’s recent decision to hike the overnight policy rate (OPR) by 25 basis points to 2.75%.

“While we understand the hike is in response to creeping inflation and is in line with what central banks in other countries are doing, the decision has also resulted in a more challenging environment for businesses to operate,” its president-designate Datuk Zuraida Kamaruddin said.

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