English World

Rate hike will be made soon: Wahid Omar

KUALA LUMPUR: The U.S. Federal Reserve’s decision to put off a hike in interest rate has been anticipated but a hike will eventually be made in either October or December this year.

Countries need to anticipate a rate hike sooner or later and brace themselves for its impact.

“I don’t think any country can continue to have zero interest rate forever,” said Minister in the Prime Minister’s Department Datuk Seri Wahid Omar.

In light of this, he said Malaysia will continue to remain focused on the domestic economy to ensure that nation grows its economy and ensure that we are shielded from any global volatility.

Wahid was speaking at the launch of CMC Engineering Sdn Bhd’s training programme where 25 fresh graduates will undergo a six-month training stint in signaling and rolling stocks expertise for the rail industry.


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