What are Bank Negara waiting for?
USA tactically announce the recession start 1 year before.
But at home, the bank regulator, Bank Negara Malaysia show no sign of more rate cutting.
It is open secret that various Malaysia department are running autopilot- anachy since Mahathirism era. Various department information failed to feed to each other to create a big picture. Apparently, the Mistry of Trade(MITI) are clueless to alarm Bank Negara how bad the business is.
Alas, perhaps Bank Negara need to rely on ROC (Registrar of Company) to warn them , more and more company failed to produce accounts report on time? Or perhaps Inland Revenue Department need to notify them more and more company director produce a red balance sheet than white balance sheet?
Or perhaps Bank Negara need to wait for CHIMP bank instruction ?