News about BNM

KUALA LUMPUR (Nov 12): Bank Negara Malaysia’s (BNM) proposal to set a cash transaction limit (CTL) of RM25,000 per transaction next year has received a mixed reaction from businesses, with some quarters suggesting it should be at least RM50,000.

KUALA LUMPUR (Nov 9): The implementation of the cash transaction limit (CTL) is seen as yielding benefits to the economy over the long term, said Universiti Tun Abdul Razak (Unirazak) economist, Prof Emeritus Dr Barjoyai Bardai.

KUALA LUMPUR (Nov 7): Malaysia is planning to impose a cash transaction limit of RM25,000 starting next year to further strengthen the country’s financial integrity.

KUALA LUMPUR (Nov 5): Bank Negara Malaysia (BNM) today left its key interest rate unchanged, as it expects the country's economic growth to come in within projections this year and the pace sustained going into 2020.

KUALA LUMPUR (Oct 31): Bank Negara Malaysia is unlikely to make any changes on its Overnight Policy Rate (OPR) during the upcoming Nov 5 Monetary Policy Committee (MPC) meeting, following a reduction in the US interest rate last night.

KUALA LUMPUR (Oct 24): The RM1 billion Bank Negara Malaysia Fund for Affordable Housing has subsidised 1,100 home purchasers as at September, according to the central bank's director of financial surveillance Qaiser Iskandar Anwarudin.

KUALA LUMPUR (Sept 25): UOB Group anticipates Bank Negara Malaysia (BNM) to remain patient before making further interest rate adjustments as the nation's Budget 2020, which is expected to include expansionary measures to support the economy, will lighten the pressure on BNM to pursue another rate cut in 2019.

KUALA LUMPUR (Aug 29): Decent affordable housing is fundamental to the health and well-being of people, and to the smooth functioning of economies.

  KUALA LUMPUR: Bank Negara Malaysia (BNM) has established a platform — the Khidmat Nasihat Pembiayaan or MyKNP — to provide assistance to small and medium enterprises (SMEs) and homebuyers who have failed to secure financing, amid mounting frustrations among those who could not get loans.

KUALA LUMPUR (Aug 21): Bank Negara Malaysia (BNM) today established the 'Khidmat Nasihat Pembiayaan' (MyKNP) programme, aimed at assisting SMEs and housebuyers that have previously been unsuccessful in securing financing.