Press Statement from Bank Negara on 18 Oct 2013...........

Bank Negara Malaysia (BNM) announces today the introduction of a new interest rate framework. The new interest rate framework represents a change in the system of implementing monetary policy and promotes more efficient pricing by banking institutions. It does not represent a change in monetary policy. Therefore, the introduction of the new framework is not expected to lead to any change in the general level of domestic interest rates.

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