Bank Negara cuts SRR rate to 3.00%

Bank Negara cuts SRR rate to 3.00%

The Malaysian Reserve-News·2019-11-08 17:59

THE central bank announced today that the Statutory Reserve Requirement (SRR) ratio has been slashed from 3.50% to 3.00% effective Nov 16, 2019, the first such cut in more than three years.

Bank Negara Malaysia (BNM) said the decision to reduce the SRR was made to maintain sufficient liquidity in the domestic financial system.

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