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Bank Negara Malaysia (BNM) has announced a 100-basis-point cut in the statutory reserve requirement (SRR) ratio from 3% to 2%, effective March 20. This flexibility
"Bank Negara Malaysia (BNM) has announced a 100-basis-point cut in the statutory reserve requirement (SRR) ratio from 3% to 2%, effective March 20. "This flexibility to the principal dealers is available until March 31, 2021. These combined measures will release approximately RM30 billion worth of liquidity into the banking system", that increased money supply in the market.
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