Bank Negara not expected to raise SRR ratio

AmBank Group chief economist and member of the Economic Action Council Secretariat Anthony Dass told StarBiz in the near term there is no indication to raise the SRR ratio.

PETALING JAYA: Bank Negara (pic) is not expected to follow its counterpart Bank Indonesia (BI) in raising the statutory reserve requirement (SRR) ratio, an instrument to manage liquidity in the banking system.

Economists said although the key benchmark rate, the overnight policy rate (OPR), could see rate hikes in the second half of the year, it does not at the moment justify a hike in the SRR ratio.