Low Interest Rate Environment Crucial to Malaysia’s Economic Recovery: Bursa Malaysia Chairman

Speaking at the PowerTalk Webinar organised by the World Islamic Economic Forum and the Securities Industry Development Corporation, Bursa Malaysia Chairman, Tan Sri Abdul Wahid Omar, stressed the importance of maintaining low-interest rates across Malaysia.

Despite the likely negative impact of reduced interest rates on banks’ net interest margin, Omar believes that lowering the interest rate will ease the finical burden for both businesses and households, as well as stimulate investment and consumption in Malaysia.

Another key point noted by Omar is the need to keep factories open whilst maintaining available manufacturing capacity, to allow firms to be able to meet demand once the economy re-opens.

Bursa Malaysia forecasts Malaysia’s gross do...