PETALING JAYA: Despite the tough economic conditions in the wake of the Covid-19 pandemic, the ample liquidity in the banking system does not at the moment warrant a further statutory reserve requirement (SRR) cut.
The SRR ratio was last cut in March this year by 100 basis points (bps) to 2%. Bank Negara had reduced the SRR ratio by 50bps to 3.00% on Nov 16,2019.
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