Muhammad Ibrahim, the governor of Bank Negara Malaysia, seems to be getting us ready for ANOTHER rate cut, and a RINGGIT trading BEYOND RM4.14. against the US dollar.
This is what Mr Muhammad had to say about Malaysia according to Bernàma :
Having a sub-par growth for nearly a decade now, policy makers need to relook at what we have learnt and rethink our approaches from fiscal to monetary policies and structural issues that need to be addressed, to enable us to remove any impediments to growth.
“We need to enact policy that enable the private sector revive their dynamism and explore new strategies to enable them to engage and uncover productive investment opportunities,” he said.
