UPDATE 1-Malaysia surprises with cut in banks’ reserve requirement
Malaysian banks’ statutory
reserve requirement (SRR) will be reduced to 3.00% from 3.50%,
effective Nov. 16, Bank Negara Malaysia said on Friday, in an
unexpected move just days after the central bank left its key
policy interest rate unchanged.
reserve requirement (SRR) will be reduced to 3.00% from 3.50%,
effective Nov. 16, Bank Negara Malaysia said on Friday, in an
unexpected move just days after the central bank left its key
policy interest rate unchanged.
Posted by Reuters
