Bank Negara Malaysia wishes to announce the appointment of Datuk Yogeesvaran Kumaraguru as an external member of the Monetary Policy Committee (MPC). The appointment is for a two-year term, effective 1 September 2024.

An accomplished economist, Datuk Yogeesvaran Kumaraguru had 27 years of experience in the Economic Planning Unit (EPU) before joining the Ministry of Plantation Industries and Commodities as Secretary-General in 2017. During his tenure at EPU, he was involved in the formulation of several Malaysia Plans and was a member of the National Economic Action Council Secretariat. He has also served as a consultant on economic matters to the World Bank and the United Nations. Datuk Yogeesvaran holds a Master’s degree in Economics from the University of Manchester, United Kingdom, a Bachelor’s degree in Economics from the University of Malaya, and a Bachelor of Laws (LLB) degree from the University of London, United Kingdom.

Bank Negara Malaysia Governor Dato’ Seri Abdul Rasheed Ghaffour said, “I would like to welcome Datuk Yogeesvaran as the latest member of the MPC. His insights and experience in the field of economics and policymaking will be beneficial to the MPC’s discussions and deliberations.”

About the MPC

Under the Central Bank of Malaysia Act 2009 (CBA), the MPC is responsible for formulating monetary policy and deciding on policies for the conduct of monetary policy operations. The CBA also sets out the process for appointing members to the MPC.

Members of the MPC:

1. Governor Dato’ Seri Abdul Rasheed Ghaffour
2. Deputy Governor Datuk Jessica Chew Cheng Lian
3. Deputy Governor Dato’ Marzunisham Omar
4. Deputy Governor Adnan Zaylani Mohamad Zahid
5. Assistant Governor Dr. Norhana Endut
6. Assistant Governor Mohd Fraziali Ismail
7. Assistant Governor Mohamad Ali Iqbal Abdul Khalid*
8. Lim Chee Sing (External Member)
9. Nor Zahidi Alias (External Member)
10. Datuk Yogeesvaran Kumaraguru (External Member)*

*Effective 1 September 2024.