{"id":22209,"date":"2011-07-07T06:20:00","date_gmt":"2011-07-07T10:20:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=6e7464837f99309e423ab3560cac17d7"},"modified":"2011-07-07T06:20:00","modified_gmt":"2011-07-07T10:20:00","slug":"bank-negara-malaysia-holds-rate-at-3-00-lifts-reserve-requirements","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/07\/07\/bank-negara-malaysia-holds-rate-at-3-00-lifts-reserve-requirements\/","title":{"rendered":"Bank Negara Malaysia Holds Rate at 3.00%, Lifts Reserve Requirements"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">The&nbsp;<a href=\"http:\/\/www.bnm.gov.my\/\" style=\"color: #3778cd; text-decoration: none;\">Bank Negara Malaysia<\/a>&nbsp;maintained&nbsp;the&nbsp;<span class=\"txt_arial075ems\">Overnight Policy Rate (OPR) unchanged at 3.00%, and held the floor and ceiling rates of the corridor for the OPR at 2.75 percent and 3.25 percent respectively. &nbsp;However the Bank increased&nbsp;<\/span><span class=\"txt_arial075ems\">the Statutory Reserve Requirement (SRR) ratio by 100 basis points to 4.00% from 3.00%, effective from 16 July 2011.<\/span>&nbsp; The Bank said: &#8220;The decision to raise the SRR is undertaken as a measure to manage the significant build-up of liquidity, which may result in financial imbalances and create risks to financial stability.&#8221;<\/span><br \/><a name='more'><\/a><\/p>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">The Bank Negara Malaysia last increased the <\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><a href=\"http:\/\/www.centralbanknews.info\/2011\/05\/malaysia-central-bank-increases-rate.html\">OPR<\/a><\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">&nbsp;by 25 basis points to 3.00% in May this year, it also increased the SRR by 100bps to 3.00% at that meeting. &nbsp;Malaysia saw inflation of&nbsp;<\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"txt_arial075ems\">3.3% in May, up from 3.2% in April, and 3.0% March, bringing the average to 2.8% for the first quarter of 2011. &nbsp;The Malaysian economy contracted -3.2% in the March quarter (+1.5% in Q4 2010), while growing 4.6% on an annual basis (4.8% in Q4 2010), according to Trading Economics.<\/span><\/span><\/div>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"> <br \/><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"color: #3778cd; text-decoration: none;\">www.CentralBankNews.info<\/a><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-9105894531249907607?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Bank Negara Malaysia&nbsp;maintained&nbsp;the&nbsp;Overnight Policy Rate (OPR) unchanged at 3.00%, and held the floor and ceiling rates of the corridor for the OPR at 2.75 percent and 3.25 percent respectively. &nbsp;However the Bank increased&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22209","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22209"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22209\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}