International reserves decline to US$101.4bil

Malaysia's central bank is likely to cut its benchmark rate to 3% at a policy review on Tuesday to cope with a slowdown in growth, a slim majority of analysts in a Reuters poll said.

KUALA LUMPUR: Bank Negara’s international reserves declined by US$600mil to US$101.4bil as at Dec 14, 2018 compared with two weeks earlier.

Bank Negara said yesterday the international reserves were sufficient to finance 7.4 months of retained imports and was one time the short-term external debt.