KUALA LUMPUR: Bank Negara said it is maintaining the overnight policy rate at 2.75% as it considers current monetary policy stance as appropriate and consistent but said additional policy tools may be considered to avoid the risks of macroeconomic and financial imbalances.
In its'' monetary policy statement issued on Thursday, Jan 27 it said at this stage, the current monetary policy stance was appropriate and consistent with the current assessment of the economic growth and inflation prospects.
The stance of monetary policy continues to remain accommodative and supportive of economic growth, the central bank said.
'However, the large and volatile shifts in global liquidity are leading to a build up of liquidity in the domestic financial system.
'While the liquidity in the financial system has been manageable, going forward, additional policy tools such as the statutory reserve requirement and macroprudential lending measures may be considered to avoid the risks of macroeconomic and financial imbalances,' it said.
In its'' monetary policy statement issued on Thursday, Jan 27 it said at this stage, the current monetary policy stance was appropriate and consistent with the current assessment of the economic growth and inflation prospects.
The stance of monetary policy continues to remain accommodative and supportive of economic growth, the central bank said.
'However, the large and volatile shifts in global liquidity are leading to a build up of liquidity in the domestic financial system.
'While the liquidity in the financial system has been manageable, going forward, additional policy tools such as the statutory reserve requirement and macroprudential lending measures may be considered to avoid the risks of macroeconomic and financial imbalances,' it said.
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