A wealth-creation accelerator Twitter account mentioned that Bank Negara Malaysia has announced an increase in the policy rates by 25 points which means interest rate will rise and possibly, M40 and B40 groups will be heavily affected.
Monthly payments will automatically increase. Furthermore loans given will be stricter as well. Loan payments for homes, cars and personal loans will see rise in interest.
Nevertheless, netizens are saying that those who bought expensive cars with lower salaries are going to get hit the worse. Others mentioned that with higher rates, investors will get more returns and the rakyat will have to pay for that.
