Bank Negara: 238 suspicious bank accounts closed

According to UBS, Bank Negara is likely to cut its overnight policy rate by 25 basis points in 2015, with lower oil prices cushioning the pressure on inflation.

KUALA LUMPUR: Bank Negara is taking aggressive measures to combat illegal financial schemes as part of the central bank’s zero tolerance policy on ope­rators and investors who knowingly participate in illegal financial activities.

Governor Datuk Seri Muhammad Ibrahim said as at May 2, 238 suspicious accounts had been closed.