He says BNM is independent and has its own meetings to decide on its policies, including the overnight policy rate.
KUALA LUMPUR: Finance Minister Lim Guan Eng will not interfere in Bank Negara Malaysia’s decision to maintain its overnight policy rate at 3.25% for 2019.
It said the underlying inflation, as measured by core inflation, remained stable at 1.5% in January 2019, which it said was reflective of sustained demand conditions. The Pakatan Harapan government had promised in its 14th general election manifesto to gradually take over toll concessionaires and abolish all tolls in the country in stages.“If I were picked, where do I have time to do other work ? Remember, we have to travel back and forth to Beijing, which is seven to eight hours away.
“But that depends on Singapore. This issue, I feel, surely will be under the finance ministry,” he said, adding Singapore and Malaysia must come to a consensus on the matter.
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