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However, in fact our price of petrol at RM2.70 is among the highest globally on the purchasing power parity (PPP) basis.
While the neighboring countries increased the interest rates to curb the inflationary pressure, Bank Negara maintained the Overnight Policy Rate at 3.5% to sustain the economy growth. Whether or not Bank Negara raises the interest rates, the economy would suffer from uncontrollable inflationary pressure or slower economy growth. This dilemma is suffered by all the Central Banks and there is no confirmative conclusion on its solutions. However, the fact that Malaysia suffers seriously from the second spiral of inflations from the indiscriminately rise in prices of consumer products other than the petrol itself warrant grave concerns...
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Common topics in this essay:
- A Report On Emission In Negative Externality And Price Elasticity Of Demand Of Petroleum
- How oil price affect world economy
- Malaysia-Usa Fta
- Oil Price Hike in Malaysia 2008 to RM 2.70 per litre (discussion)
- Price Makers And Price Takers
- Products, Services, and Prices in the Free Market Economy: Price Elasticity of Demand
- Suppose the British economy is at long run equilibrium when it suffers an external shock due to a 15% increase in the price of oil, believed to be permanent.
- The Advantages And Disadvantages Of Free Market Economy, Price Determination With Market Forces. And Government Intervention With Free Market Equilibrium Price And The More Suitable Model For The Sudan
- The Consumer Price Index in Malaysia
- The Effects Of Taxation And Price Controls On The Economy
- The Fuel Price Hike
- the impact of oil price shock on malaysia real gdp growth
- Analaysis of Malaysia's Economy
- Deportees In Malaysia
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