International reserves at RM436.1bil

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 international reserves amounted to US$98.7bil (equivalent to RM436.1bil) as at June 15, 2017 compared with US$98bil (RM433.3bil) as at May 31, 2017.

“The reserves position is sufficient to finance 8.2 months of retained imports and is 1.1 times the short-term external debt,” the central bank said in a statement.