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HIKE IN INTEREST RATE: SLOW AND STEADY MOVE, SAY DEALERS.
(From Bernama The Malaysian National News Agency)
from BERNAMA The Malaysian National News Agency KUALA LUMPUR, Feb 22 (Bernama) -- Bank Negara Malaysia's move to raise the interest rate by another 25 basis points, for the second time within a three-month period, was viewed by many dealers as a "slow and steady" move
The move, according to some of the dealers, was timely as it would further reduce inflationary pressures, but it still lacked impetus to give direction for fluctuations in the ringgit-dollar exchange rate
"Personally, I think the hike in interest rate is timely but the increase is still too little," one of the dealers said
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