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raise the rates by another 50 basis points to fight inflation & giving some stability to ringgit's value, encourage ppl to save more to earn more interest first before spending the earned interest to boost consumption. it also helps to attract foreign funds to Malaysia giving further boost to ringgit's value. Foreign imports will be much cheaper when ringgit's value strengthened
very true need the people shift their focus to saving more important invest. every year seeing many biz every sectors also fail or cannot last long term.
