According to UBS, Bank Negara is likely to cut its overnight policy rate by 25 basis points in 2015, with lower oil prices cushioning the pressure on inflation.
KUALA LUMPUR: Bank Negara Malaysia (BNM) says recent media coverage on foreign exchange (forex) losses referred to events that occurred nearly 25 years ago.
In a statement issued on Friday, the central bank said it has moved forward, stronger, more transparent and accountable.
“Under the current challenging and uncertain global environment, it is important that we focus on ensuring our financial system and the economy remain resilient and stable,” BNM added.
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