Page 163 - Official Year Book 2020
P. 163
supply side factors. Underlying price with sufficient flexibility to respond
pressures, on the other hand, will remain to risks using the most appropriate
subdued with core inflation projected to policy tool. Beyond its cyclical
be between 0.5 – 1.5 percent amid spare impact on growth, the pandemic has
capacity in the economy. fundamentally reshaped the economy
and the waywe conduct our businesses
The Bank will continue to utilise its and daily affairs. It has sharpened the
policy levers as appropriate. Even with focus on critical areas of structural
the OPR at its current historical low of policy that call for renewed urgency.
1.75 percent, monetary policy space On the one hand, it has accelerated
remains adequate to provide additional the shift towards the adoption of
support to the economy if needed. technology and sustainability agendas.
The Bank will be mindful to avoid a On the other hand, it has accentuated
premature withdrawal of monetary gaps in our labour market and social
policy support. This is complemented protection system. As a nation, this is an
by the availability of the Bank’s various opportunity to accelerate the execution
liquidity management tools, targeted of long-term structural reforms and
financial policies and regulatory pivot towards a more sustainable,
flexibilities. All these afforded the Bank resilient and agile economy.
BANK NEGARA MALAYSIA’S
AUDITED FINANCIAL
STATEMENT FOR 2020
The Bank’s Audited Financial Statements for
2020 are also set out in the report. As audited
and certified by the Auditor General, the financial
position of Bank Negara Malaysia remained
strong in 2020.
Bank Negara Malaysia’s total assets transferred into the General Reserve OFFICIAL YEAR BOOK 202 1590
amounted to RM488 billion, with a net Fund. Bank Negara Malaysia will
profit of RM10.2 billion for the financial declare a dividend of RM4 billion to the
year ending 31 December 2020. Of Government for the year 2020.
this RM10.2 billion, RM6.2 billion will be
pressures, on the other hand, will remain to risks using the most appropriate
subdued with core inflation projected to policy tool. Beyond its cyclical
be between 0.5 – 1.5 percent amid spare impact on growth, the pandemic has
capacity in the economy. fundamentally reshaped the economy
and the waywe conduct our businesses
The Bank will continue to utilise its and daily affairs. It has sharpened the
policy levers as appropriate. Even with focus on critical areas of structural
the OPR at its current historical low of policy that call for renewed urgency.
1.75 percent, monetary policy space On the one hand, it has accelerated
remains adequate to provide additional the shift towards the adoption of
support to the economy if needed. technology and sustainability agendas.
The Bank will be mindful to avoid a On the other hand, it has accentuated
premature withdrawal of monetary gaps in our labour market and social
policy support. This is complemented protection system. As a nation, this is an
by the availability of the Bank’s various opportunity to accelerate the execution
liquidity management tools, targeted of long-term structural reforms and
financial policies and regulatory pivot towards a more sustainable,
flexibilities. All these afforded the Bank resilient and agile economy.
BANK NEGARA MALAYSIA’S
AUDITED FINANCIAL
STATEMENT FOR 2020
The Bank’s Audited Financial Statements for
2020 are also set out in the report. As audited
and certified by the Auditor General, the financial
position of Bank Negara Malaysia remained
strong in 2020.
Bank Negara Malaysia’s total assets transferred into the General Reserve OFFICIAL YEAR BOOK 202 1590
amounted to RM488 billion, with a net Fund. Bank Negara Malaysia will
profit of RM10.2 billion for the financial declare a dividend of RM4 billion to the
year ending 31 December 2020. Of Government for the year 2020.
this RM10.2 billion, RM6.2 billion will be
