Bank Negara has had to raise interest rates to combat rising inflation, which is already a global phenomenon. This however impacts the people because with higher interest rates, financing costs go up - more expensive home loans, vehicle loans, credit card loans etc. Lower income households are particularly hit, especially those still reeling from the Covid-19 pandemic impact. Jason Loh, Head of Social, Law and Human Rights at EMIR Research, believes there may be a solution that can help the B40 while keeping inflation under control.

Produced by: Sim Wie Boon

Presented by: Keith Kam, Philip See

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Categories:  government,  young finance

Tags:  inflation,  b40,  m40,  bank negara,