BNM's international reserves rise to US$103.9b as at July 31

Data from Bank Negara showed loan growth in June moderated to 4.2% year-on-year (yoy) from 4.5% yoy in May, with both the business and household sectors experiencing a slowdown.

KUALA LUMPUR: Bank Negara’s international reserves rose by US$600mil to US$103.9bil as at July 31,2019 from two weeks prior.

The central bank said yesterday the reserves position was sufficient to finance 7.6 months of retained imports and it was 1.2 times total short-term external debt.