This decision, portrayed as a pre-emptive move to support Malaysia’s economic growth amid global uncertainty, may at first glance appear to be good news.
Lower interest rates mean cheaper loans, easier credit, and more cash in the rakyat’s pockets, but a deeper look reveals that this policy shift may be less of a relief and more of a red flag.
The question every Malaysian must ask: Where will this extra cash really go? In truth, it’s not going into savings, investment, or economic upliftment. What seems like financial breathing room is, in truth, preparation for Malaysians to weather the sharp rise in living costs triggered by...