The CME-BAA Macroeconomic Observatory (MEO), a joint platform promoted by the Center for Market Education and Bait Al Amanah, welcomes Bank Negara’s decision to keep the reference rates unchanged. According to MEO, in the current scenario, the efficacy of monetary policy in relaunching investment activity would be very limited. “The experience from other parts of the world, such as Europe and Japan – explained Dr Carmelo Ferlito, CEO of the Center for Market Education – shows