Hey guys, anyone have info on AmBank's InterestPlus FD? I read somewhere that its giving out 5.10% p.a. for 12 months tenure.

50% in unit trust? So, 5% transaction fees? Neat little gimmick...

Increase in the Statutory Reserve Requirement (SRR) Ratio

Bank Negara Malaysia wishes to announce the increase in the Statutory Reserve Requirement (SRR) Ratio from 1.00% to 2.00%, effective from 1 April 2011.

Large shifts in global liquidity have resulted in significant capital flows into emerging economies, and in particular, into the Asian region. The consequent build-up of liquidity in the domestic financial system, if not managed carefully, could create risks to macroeconomic and financial stability. In the case of Malaysia, the assessment is that the increase in liquidity in the domestic financial system has thus far been well intermediated. The decision to raise the SRR is now undertaken as a pre-emptive measure to manage the risk of this build-up of liquidity from resulting in macroeconomic and financial imbalances.

The increase in the SRR is thus an instrument to manage liquidity and not a signal on the stance of monetary policy. The Overnight Policy Rate (OPR) is the sole indicator used to signal the stance of monetary policy, and is announced through the Monetary Policy Statement released after each Monetary Policy Committee meeting.


Bank Negara Malaysia
11 March 2011

© Bank Negara Malaysia, 2011. All rights reserved.

http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=2221

PS. OPR maintained at 2.75

This post has been edited by Buggo: Mar 12 2011, 03:49 AM