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: The international reserves of Bank Negara Malaysia (BNM) remained unchanged at RM399.7bil (equivalent to US$96.4bil) as at Dec 15, 2016.
On Dec 7, the central bank announced that the international reserves stood at RM399.6bil (equivalent to US$96.4bil) as at Nov 30, 2016.
In a statement on Thursday, BNM said the reserves position was “sufficient to finance 8.3 months of retained imports and is 1.2 times the short-term external debt”.
The main components of the international reserves were foreign currency reserves (US$89.1bil), International Monetary Fund reserves position (US$0.8bil), Special Drawing Rights (SDRs) (US$1.1bil), gold (US$1.6bil) and other reserve assets (US$3.8bil).
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