Malaysia's central bank decided to keep its overnight policy rate (OPR) unchanged at 2.75% on March 9 after a working session of its Monetary Policy Committee (MPC).
The Bank Islam Malaysia Bhd on February 9 stated that Malaysia’s gross domestic product (GDP) growth is projected to hit 8.4% in 2022 compared with 3.1% in 2021, marking the highest among ASEAN countries.
The Malaysian finance minister has said a flexible ringgit exchange rate is important to absorbing external shocks to support domestic economic activity.
Malaysia's economy is on a recovery path, but ongoing inflation is inflicting hardship on certain segments, including low-income households who have been disproportionately affected by rising price pressures, said Bank Negara Malaysia (BNM).
Bank Negara Malaysia (BNM) on February 4 forecast that the Malaysian economy will expand between 5.5 percent and 6.5 percent this year, underpinned by continued expansion in global demand and higher expenditure in private sector.
Bank Indonesia (BI) and Bank Negara Malaysia (BNM) have launched a cross-border QR payment linkage, which will enable instant, secure and efficient cross-border payments between Indonesia and Malaysia.
The Monetary Authority of Singapore (MAS) and the Bank Negara Malaysia (BNM) plan to begin a phased linkage of Malaysia’s DuitNow and Singapore’s PayNow real-time payment systems in late 2022.
The Malaysian government will decide whether to revise its growth target of between 6 percent and 7.5 percent this year based on the gross domestic product (GDP) performance for the second quarter, as the economy is seeing signs of recovery, said an official.
Malaysian Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said on June 10 that the Government will do its best to curb the COVID-19 pandemic and ensure that economic recovery will continue, starting from the second half of this year.
Despite the recent re-imposition of nationwide pandemic containment measures by the federal government, the central bank of Malaysia (BNM) maintained its growth projection for the local economy at between 6 percent and 7.5 percent in 2021.
Malaysia’s international reserves stood at 104.98 billion USD and remained usable by the end of September, in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format.
Malaysia's central bank on July 7 reduced its interest rates to a record low to fight the impact of the COVID-19 pandemic, and warned that the pace of economic recovery was uncertain.
The Bank Negara Malaysia (BNM) said on April 3 that Malaysia’s economic growth could shrink as much as minus 2 percent to 0.5 percent this year as a result of COVID-19 pandemic.
After the Malaysian central bank (BNM)’s second overnight policy rate (OPR) cut on March 3, economists said that it will decide to shave off the key rate again and the cut will happen as early as May.
Malaysia’s central bank, known as Bank Negara Malaysia (BNM), has issued a revised policy document on anti-money laundering/counter financing of terrorism (ALM/CFT) and targeted financial sanctions (TFS), which take effect on January 1.
Malaysia’s gross domestic product (GDP) grew 4.9 percent year-on-year in the second quarter of 2019, compared to the 4.5 percent growth recorded in the first quarter of this year.
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