Afzanizam: Banks will have more cash to lend and invest and the additional liquidity will help to stimulate the lending activities.
The move by Bank Negara to lower the non-interest bearing statutory reserve requirement (SRR) ratio to 3.00% from the current 3.50% will release about RM7.4bil into the banking system and ease funding costs, according to economists.
The central bank said it will lower the SRR ratio effective from Nov 16.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
