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Bank Negara Malaysia has clarified that guidance provided to Tabung Haji forms part of its legal mandate to safeguard overall financial stability, citing its authority to monitor major non-bank institutions with systemic implications.
Bank Negara Malaysia should move away from prescriptive regulation towards a more collaborative model with financial institutions, advocating greater use of regulatory sandboxes to support emerging industries and economic transformation.
Malaysia's central bank is expected to keep its overnight policy rate unchanged at 2.75% through the end of 2026, with analysts citing resilient economic growth and manageable inflation as supporting a status quo monetary stance.