Proposed stimulus package can cushion Covid-19 impact — economists

Proposed stimulus package can cushion Covid-19 impact — economists

The Edge Markets - Malaysia·2020-02-13 12:32

KUALA LUMPUR (Feb 13): The proposed economic stimulus package to cushion the negative impact of Covid-19 is timely to boost the domestic economy as the external sector has become increasingly wobbly, according to economists.

Bank Islam Malaysia Bhd said all support measures to be taken are set to complement the recent reduction in the overnight policy rate by 25 basis points to 2.75% to boost spending.

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