An independent BNM ensures monetary stability, says its governor

KUALA LUMPUR: Bank Negara Malaysia (BNM) says its role as an independent and professional central bank would guarantee monetary stability of the Malaysian economy.

It would also be conducive to sustainable growth, said BNM governor Nor Shamsiah Mohd Yunus.

She said the central bank’s independence allowed it to focus on the long-term economic perspective and financial system.

“Despite facing an increasingly challenging global environment and fluctuating international markets, BNM, as the guardian and trustee of the national financial system, will continue to hold that mandate and make it a priority.

“Nationally-rooted but globally-minded, BNM will ensure that the measures taken are in tandem with the passage of time to provide professional services of high quality and integrity in the country’s best interests,” she said today.

She was speaking at the launch of an exhibition at the Bank Negara Malaysia Museum and Art Gallery by the Yang di-Pertuan Besar of Negeri Sembilan, Tuanku Muhriz Tuanku Munawir.

The exhibition, titled “For the Nation: 60 Years of Central Banking”, opens on Dec 16 and runs till June 30, 2020.

It features over 100 exhibits dating from 80 years ago to the present, including artefacts, films and photos never before displayed.