Bank Negara Malaysia (BNM), the Central Bank of Malaysia, is a statutory body established on 26 January 1959. Headquartered in Kuala Lumpur, it is responsible for issuing the Malaysian ringgit, formulating monetary policy, regulating financial institutions, and promoting monetary and financial stability to support sustainable economic growth.
As Malaysia's central bank, BNM acts as banker and financial advisor to the government, oversees payment systems, foreign exchange administration, and Islamic finance. Current governor is Dato' Seri Abdul Rasheed Ghaffour. It maintains foreign reserves of approximately US$125 billion and sets the Overnight Policy Rate at 2.75%.
In economic reports, BNM analyzes sectors including petroleum, petrochemicals, and chemicals, noting potential impacts from global prices and competition on Malaysia's exports. Its facilities, such as the Large Credit Refinancing Facility (LCTF) and High Tech Guarantee (HTG), support financing initiatives in key industries like oil and gas services equipment (OGSE).
Also known as Central Bank of Malaysia.
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