<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 8): Bank Negara Malaysia (BNM) has lowered the statutory reserve requirement (SRR) ratio from 3.5% to 3% effective from Nov 16, to maintain sufficient liquidity in the domestic financial system.</p></div>

<div class=newsTextDataWrapInner><p>The last time that BNM reduced the SSR was in February 2016 when the central bank cut the ratio to 3.5% from 4%.</p></div>

<div class=newsTextDataWrapInner><p>“The decision to reduce the SRR is undertaken to maintain sufficient liquidity in the domestic financial system. This will continue to support the efficient functioning of the domestic financial markets and facilitate effective liquidity management by the banking institutions,” BNM said in a statement today.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The central bank highlighted in the statement that the SRR is an instrument to manage liquidity and is not a signal on the stance of monetary policy.</p></div>

<div class=newsTextDataWrapInner><p>The Overnight Policy Rate (OPR) is the sole indicator used to signal the stance of monetary policy, and is announced through the Monetary Policy Statement released after the Monetary Policy Committee meeting, it added.</p></div>


Bank Negara Malaysia (BNM) has lowered the statutory reserve requirement (SRR) ratio from 3.5% to 3% effective from Nov 16, to maintain sufficient liquidity in the domestic financial system.

The last time that BNM reduced the SSR was in February 2016 when the central bank cut the ratio to 3.5% from 4%

BNM cuts statutory reserve requirement for banks to 3%

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The son of the Perlis menteri besar and four others who were remanded by the Malaysian Anti-Corruption Commission (MACC) since Wednesday have been released on MACC bail.

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S P Setia Bhd will launch Casaville, which comprises 38 single-storey bungalows, in its Setia EcoHill township in Semenyih at end-April.

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PADANG BESAR (April 26): Communications Minister Fahmi Fadzil said on Friday that the Terengganu government’s decision to reject the Territorial Sea Act 2012 through a motion passed in the State Legislative Assembly (DUN) on Thursday (April 25), has been seen as a cynical and hypocritical act.

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MOSCOW/LONDON (April 26): Russia's central bank held its key interest rate at 16% for the third meeting running on Friday, but raised its inflation forecast for 2024, acknowledging for the first time that it may struggle to reach its 4% target this year.

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