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Finance Ministry: Loan approvals up 13pc in May after OPR slashed | Malay Mail

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Finance Ministry: Loan approvals up 13pc in May after OPR slashed

Amirudin said the OPR cut was to ensure the nation’s economy continued to remain on the right track of sustainable growth with stable inflation. — Picture by Ahmad Zamzahuri

Deputy Finance Minister Datuk Amiruddin Hamzah said April’s loan approvals, a month before the OPR cut, recorded a decrease by one per cent compared with March. Elaborating further, Amirudin said for the period of April-May 2019, monthly growth in total loan payback was -6.8 per cent, while March-April monthly growth was -0.4 per cent.

Amirudin said the OPR cut was to ensure the nation’s economy continued to remain on the right track of sustainable growth with stable inflation, supported by strong financial intermediation.

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