BNM governor denies raise in OPR causes bankruptcies

Bank Negara Malaysia (BNM) governor Nor Shamsiah Mohd Yunus has denied the increase in the overnight policy rate (OPR) has led to the rise in bankruptcies.

She said there are no figures to support such an allegation, adding that, on aggregate, households have continued to hold financial assets in excess of debt which enables them to manage higher borrowing costs...