Posted by Shinnzaii > 2020-01-22 15:41 | Report Abuse

hold your seat belt...hehe

Posted by speakup > 2020-01-22 15:52 | Report Abuse

economy is in terrible shape that's why BNM cut rates. PH has mismanaged our economy and destroyed malaysia

Posted by bluebiznet > 2020-01-22 15:54 | Report Abuse

Speakup: exactly.

Posted by Shinnzaii > 2020-01-22 16:04 | Report Abuse

Aiyo...I wonder what is the logic behind in new gov...expected inflation higher in DEC2019...later retail price of oil increase 1-2sen every week drive inflation higher and weakening our currency...since our gov said FDI increase mah...I waiting for data larh...hehe

Posted by speakup > 2020-01-22 16:15 | Report Abuse

BNM just killed our ringgit bullrun. Ringgit will weaken back to 4.20 to 1US$

Posted by calvintaneng > 2020-01-22 21:46 | Report Abuse

Over all rate cut is a good move

1. Lower interest will help reduce housing loan installment
This will help put more money inside consumers pockets

2. Help housing sale as repayment is less

3. Highly indebted companies will find some respite

4. Lower FD rate makes savings less attractive so more monies go into stock market for better yield

5. This will stimulate economic activity and prevent recession

6. If possible BNM should cut interest rate further to 2%