Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid
PETALING JAYA: The Malaysian banking system is not out of the woods yet, as it continues to face headwinds despite the injection of around RM19bil from the recent “aggressive” cut in the statutory reserve requirement (SRR) ratio.
On May 8, Bank Negara announced that the SRR would be reduced from 2% to 1%, effective May 16. This would release about RM19bil into the banking system amid heightened volatility and uncertainty in global financial markets.
