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Oops I did it again - this time around I talk with my phone regarding monetary policy in the Gulf States and my idea that these countries need to fix their currencies to the oil cost or a basket of the oil cost and also the US dollar. I'm posting this due to a chat I had yesterday, attempting to detail ideal exchange rate plan despite a terms of trade shock. At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia chose to keep the Overnight Plan Price (OPR) at 3.25 percent.
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