Without Tun Dr M’s guidance, Bank Negara is acting stupid

Without Tun Dr M’s guidance, Bank Negara is acting stupid

 

During 1998 Asia financial crisis, Tun Dr M slashed the interest rates or BLR against the repeated advise of IMF and World Bank. Tun Dr M was thinking out of box and successfully pulled out Malaysia from the turmoil faster than other countries and its neighbours.

 

In the resent global credit crunch started from US, America is taking the ‘medicine’ invented by Dr M. They are resuscitating the big financial institutions with Dr M’s treatment regime. Moreover, the central banks around the world are reducing the BLRs. 

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