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's international reserves increased US$300mil to US$101.5bil as at Oct 31, 2017, from US$101.2bil as at Sept 29, 2017.
In ringgit terms, the international reserves rose RM1.2bil to RM428.9bil from RM427.7bil in the previous month.
"The reserves position is sufficient to finance 7.6 months of retained imports and is 1.1 times the short-term external debt," the central bank said in a statement.
The main components of the international reserves were foreign currency reserves (US$95bil), International Monetary Fund reserves position (US$800mil), Special Drawing Rights (US$1.2bil), gold (US$1.5bil) and other reserve assets (US$3bil).
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