KUALA LUMPUR – Bank Negara Malaysia (BNM) cuts the statutory Reserve Requirement (SRR) ratio to 3% effective November 16, 2019, to maintain sufficient liquidity in the domestic financial system.
The central bank reduced the SSR from 4% to 3.5% in 2016 and now from 3.5% to 3%.
“This will continue to support the efficient functioning of the domestic financial markets and facilitate effective liquidity management by the banking institutions.” Bank Negara Malaysia said in a statement today. BNM says that SRR in an instrument to manage liquidity is not a signal on the stance of monetary policy.
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