Bank Negara urged not to increase interest rate in September

Bank Negara is urged to stop increasing its interest rate in September to prevent adding to the burden on loan borrowers.

To sustain robust economic growth, DAP national chairperson Lim Guan Eng said Bank Negara should stop hiking interest rates, which have increasingly burdened businesses and housing loan borrowers.

He said despite the country’s GDP growing for the first half of 2022 by...