Recent NewsRecent news from the Bank
Requirements for Installation of Closed-Circuit Television (CCTV) System at Business Premises for the Conduct of Money Services Business (MSB) (27 May 2019)
This circular requires MSB licensees to have in place a robust CCTV system within each of their business premises that carry out MSB, with the objectives of enhancing operational risk management and strengthening the protection of MSB operations against risks of being abused for money laundering, terrorism financing or other illicit purposes.
The international reserves of Bank Negara Malaysia amounted to USD102.8 billion as at 15 May 2019.Read More
Base Rates, BLR and Indicative Effective Lending Rates of Financial Institutions as at 24 May 2019 (23 May 2019)
The following are the Base Rates, BLR and Indicative Effective Lending Rates of Financial Institutions as at 24 May 2019.Read More
Bank Negara Malaysia (BNM) continually undertakes initiatives to broaden and deepen the Malaysian financial market. As part of these ongoing initiatives, BNM actively engages market participants to identify measures to promote a conducive and vibrant market environment that is supportive of domestic economic activities.Read More
Economic and Financial Developments in the Malaysian Economy in the First Quarter of 2019 (16 May 2019)
The Malaysian economy grew by 4.5% in the first quarter of 2019Read More
RINGGIT is a joint-effort publication between FOMCA and the Bank to improve consumer awareness on financial issues.The highlight for this issuance is Skim Perlindungan Nasional B40 (mySALAM).Read More
On 3 May 2019, Bank Negara Malaysia (BNM) charged five individuals at the Sibu Sessions Courts for conducting illegal remittance activities without a license under section 7(1) of Money Services Business Act 2011 (MSBA), an offence under section 4(1) of MSBA and the usage of the words “money services business” without approval, which contravened section 23(1) of MSBA.Read More
The international reserves of Bank Negara Malaysia amounted to USD103.4 billion as at 30 April 2019.Read More
Monetary Policy Statement (07 May 2019)
At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) to 3.00 percent. The ceiling and floor rates of the corridor for the OPR are correspondingly reduced to 3.25 percent and 2.75 percent respectively.