TTWTA EP47: What's Up With OPR And Inflation?
Description
Are this strange terms to you? Is this the first time you're hearing such lingo? If your answer is yes, you should start paying attention because you're gonna be hearing more about this in the coming months! We've talked about price hikes and expensive groceries several episodes ago, but things are getting serious again because prices of food and essentials are STILL increasing.
This year, Bank Negara Malaysia increased the overnight policy rate or OPR twice, which means you need to start paying more for your housing and personal loans. They say that this is a sign of economic growth and a way to manage inflation. In this episode, we attempt to dive deeper into this very complicated topic, but it's something we feel is important to talk about because it affects our daily lives. We hope we explained it accurately and well enough!
Have you been feeling the pitch in your daily spendings or when you eat out lately? How are you managing your monthly expenses now? Share your experiences with us!
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