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The interest rate of the OPR is influenced by the central bank, where it is a good predictor for the movement of short-term interest rates. In 2014, Malaysia's central bank raised its key interest rate for the first time in more than three years, to help temper inflation and rising consumer debt. [2]
Malaysia's central bank reported that Malaysia's economy grew at an annualised rate of 9.5% during the first half of 2010. Prime Minister Najib says the country is on track to meet the 6% average annual growth to reach its goal of becoming a developed country by 2020.
In Malaysia, federal budgets are presented annually by the Government of Malaysia to identify proposed government revenues and spending and forecast economic conditions for the upcoming year, and its fiscal policy for the forward years. The federal budget includes the government's estimates of revenue and spending and may outline new policy ...
The Federal Reserve, which is tasked with trying to control inflation, has sought to slow the pace of price increases by raising interest rates. Today, credit card rates stand at more than 20% ...
Malaysia's consumer price index rose 0.2 percent in November from a year earlier, as inflation in key sectors such as food and housing picked up, government data showed on Wednesday. November's ...
Malaysia's consumer price index rose at its slowest pace in more than three years in June, following the withdrawal of a goods and services tax (GST), government data showed on Wednesday. The ...
The Central Bank of Malaysia (BNM; Malay: Bank Negara Malaysia; Jawi: بڠک نݢارا مليسيا ) is the Malaysian central bank.Established on 26 January 1959 as the Central Bank of Malaya (Bank Negara Tanah Melayu), its main purpose is to issue currency, act as the banker and advisor to the government of Malaysia, and to regulate the country's financial institutions, credit system and ...
A related government intervention to price floor, which is also a price control, is the price ceiling; it sets the maximum price that can legally be charged for a good or service, with a common example being rent control. A price ceiling is a price control, or limit, on how high a price is charged for a product, commodity, or service.