BNM appoints Abd Rahman Abu Bakar as assistant governor
KUALA LUMPUR (April 30): Bank Negara Malaysia (BNM) has appointed Abd Rahman Abu Bakar (pictured) as assistant governor, effective May 1.
EPF i-Sinar withdrawals to have positive impact on economy, says BNM
KUALA LUMPUR (April 1): The unconditional withdrawals under the Employees Provident Fund’s (EPF) i-Sinar facility is expected to provide an immediate positive impact to the economy in terms of consumption, said Bank Negara Malaysia (BNM) deputy governor Datuk Abdul Rasheed Ghaffour.
Online retail sales almost doubled during pandemic, says BNM
KUALA LUMPUR (March 31): Bank Negara Malaysia (BNM) said online retail sales almost doubled during the Covid-19 pandemic, demonstrating rapid growth of the digital economy as a contributor to the country’s growth.
Private consumption dropped by 4.3% in 2020 but expected to rebound 8% in 2021
KUALA LUMPUR (March 30): Bank Negara Malaysia (BNM) said today that private consumption growth stood at 4.
BNM: Housing market activity hits historical low with elevated level of unsold properties
KUALA LUMPUR (March 31): Unsold properties continue to remain at an elevated level, driven by serviced apartments, small office home office (SOHO) units, and houses priced above RM500,000 in less popular locations, said Bank Negara Malaysia (BNM).
Economists no longer expect BNM to cut rate anytime soon
KUALA LUMPUR (March 5): Economists no longer expect another rate cut after Bank Negara Malaysia (BNM) kept the overnight policy rate (OPR) unchanged at 1.
BNM keeps OPR at 1.75%, as expected
KUALA LUMPUR (March 4): Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 1.
Last year's aggressive OPR cuts enough to drive growth for now, says BNM governor
KUALA LUMPUR (Feb 11): Bank Negara Malaysia (BNM) is neither hawkish nor dovish, but it is defensive on the direction of the overnight policy rate (OPR).
BNM allocates extra RM2b for Targeted Relief and Recovery Facility, sets up RM200m Disaster Relief Facility 2021
KUALA LUMPUR (Feb 5): Bank Negara Malaysia (BNM) announced today an additional allocation of RM2 billion for the Targeted Relief and Recovery Facility (TRRF) and the establishment of a RM200 million Disaster Relief Facility (DRF) 2021.
BNM: Terrorists using Covid-19 pandemic to advance propaganda, fundraising
KUALA LUMPUR (Feb 4): Bank Negara Malaysia (BNM) deputy governor Marzunisham Omar said there have been growing concerns that terrorist groups are using the Covid-19 pandemic to advance their propaganda and fundraising efforts.
