Anwar pointed out that a higher OPR ensures that our economy can continue growing and that inflation is controlled.
The higher overnight policy rate will help adjust supply and demand to a more balanced level and reduce the pressure of rising commodity prices.
Higher OPR are not meant to hinder our economic recovery efforts
Anwar said that increasing the overnight policy rate is not meant to hinder our economic recovery efforts, but if inflation cannot be controlled, the purchasing power of our low-income groups, retired groups, etc., will collapse due to the sharp rise in prices.
Compared to the impact of a higher OPR, it will have a more serious and widespread impact on the decline in purchasing power caused by rising and runaway inflation.
Anwar pointed out that a higher OPR would prompt people to spend more cautiously while encouraging more savings.