Malaysia

Inflation task force can’t meddle with OPR, Annuar retorts to Guan Eng

Umno man responds to DAP chair’s call for it to be dissolved following BNM’s rate hike

Updated 1 year ago · Published on 09 Sep 2022 10:48PM

Inflation task force can’t meddle with OPR, Annuar retorts to Guan Eng
The Special Task Force on Jihad against Inflation is not only focused on the overnight policy rate, but also pays attention to the prices of basic necessities, according to its chairman Tan Sri Annuar Musa (pic). – Bernama pic, September 9, 2022

SEMPORNA – The Special Task Force on Jihad against Inflation is not only focused on the overnight policy rate (OPR), but also pays attention to the prices of basic necessities, said its chairman Tan Sri Annuar Musa.

Therefore, DAP chairman Lim Guan Eng’s call for the special task force to be dissolved following the increase in the OPR was something far from the real facts, Annuar added.

“This OPR cannot be interfered with by any committee like the one created to deal with inflation… no political interference in making decisions, there is legal control, the whole world uses the same standards,” he said.

He told this to reporters after visiting four security posts here today.

In making the call, Lim described the task force as “ineffective, incompetent and irrelevant”.

Bank Negara Malaysia yesterday hiked the OPR for the third consecutive time this year, adding another 25 basis points to bring it to 2.5%. – Bernama, September 9, 2022

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