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.

Read more related articles about Malaysia Business News: https://www.malaysiajournal.com/news_type/all-the-news-of-business/


Please enter your comment!
Please enter your name here