Monetary Policy Committee of Bank Negara Malaysia

E231022

The Monetary Policy Committee of Bank Negara Malaysia is the decision-making body responsible for setting Malaysia’s monetary policy, including key interest rates, to achieve price stability and support sustainable economic growth.

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Predicate Object
instanceOf decision-making body
monetary policy committee
aim achieve price stability
maintain monetary and financial stability
support sustainable economic growth
country Malaysia
decisionType collective decision-making
interest rate setting
field monetary policy
focusesOn economic growth outlook in Malaysia
financial stability risks in Malaysia
inflation outlook in Malaysia
governs stance of monetary policy in Malaysia
hasAuthorityOver liquidity conditions in the Malaysian banking system
short-term interest rates in Malaysia
jurisdiction Malaysian economy
languageOfCommunication English
Malay
legalBasis Central Bank of Malaysia Act
surface form: Central Bank of Malaysia Act 2009
locatedIn Kuala Lumpur
Malaysia
mainFunction formulate monetary policy for Malaysia
set key policy interest rates in Malaysia
meetsAt Bank Negara Malaysia headquarters in Kuala Lumpur
monitoredBy financial markets in Malaysia
international investors
objective keep inflation low and stable in Malaysia
support a stable and conducive environment for sustainable economic growth in Malaysia
parentOrganization Bank Negara Malaysia
partOf Bank Negara Malaysia
policyFramework inflation and growth balancing framework
interest rate targeting framework
publishes monetary policy statements
relatedTo Financial Stability Committee of Bank Negara Malaysia
Ministry of Finance (Malaysia)
surface form: Ministry of Finance Malaysia
reportsTo Board of Directors of Bank Negara Malaysia
surface form: Bank Negara Malaysia Board of Directors
responsibleFor decisions on the Overnight Policy Rate in Malaysia
monetary policy communication in Malaysia
sector central banking
typeOfOrganization public sector body
usesInstrument Overnight Policy Rate
Statutory Reserve Requirement
open market operations
website https://www.bnm.gov.my

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Bank Negara Malaysia hasPart Monetary Policy Committee of Bank Negara Malaysia
Financial Stability Committee of Bank Negara Malaysia relatedTo Monetary Policy Committee of Bank Negara Malaysia