Forex Reserves Rise As Capital Outflows Reverse

Economic Research	8 May 2017
Malaysia
Economic Update
Forex Reserves Rise As Capital Outflows Reverse Malaysia’s forex reserves rose by USD700m to USD96.1bn as at 28 Apr. This is mirrored by the foreign inflow of funds into the equity markets over the past few weeks and BNM’s own efforts to manage other foreign capital outflow. In MYR terms, the country’s forex reserves increased by MYR3bn to MYR425.2bn over the same period. The amount of excess liquidity – including repurchase agreements (repos) – mopped up by Bank Negara Malaysia (BNM) dropped in April. This was due to the drop in the central bank’s interbank borrowings and BNM bills. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172 Economist:  Aris Nazman Maslan  | +603 9280 2184