KUALA LUMPUR: Bank Negara Malaysia is raising the Statutory Reserve Requirement (SRR) Ratio from 2% to 3%, effective from May 16.
'The decision to raise the SRR is undertaken as a pre-emptive measure to manage the significant build-up of liquidity, which may result in financial imbalances and create risks to financial stability,' it said on Thursday, May 5.
'The decision to raise the SRR is undertaken as a pre-emptive measure to manage the significant build-up of liquidity, which may result in financial imbalances and create risks to financial stability,' it said on Thursday, May 5.
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