Role and function of bank negara Malaysia?

Bank Negara Malaysia is the central bank of Malaysia. It is responsible for the formulation and implementation of monetary and financial policies, as well as the supervision of the financial sector. The Bank's main objectives are to promote price stability, financial stability, and sustainable economic growth.

Functions of Bank Negara Malaysia

The Bank Negara Malaysia performs a wide range of functions, including:

* Monetary policy: The Bank Negara Malaysia sets the interest rate and conducts open market operations to influence the supply of money in the economy. This is done in order to achieve the Bank's inflation target.

* Financial stability: The Bank Negara Malaysia supervises the financial sector and takes steps to identify and mitigate risks to financial stability. This includes regulating banks and other financial institutions, and promoting financial literacy.

* Economic research: The Bank Negara Malaysia conducts economic research and publishes reports on the Malaysian economy. This research helps the Bank to make informed decisions about monetary and financial policy.

* International relations: The Bank Negara Malaysia represents Malaysia in international financial forums, such as the International Monetary Fund and the Bank for International Settlements. This allows the Bank to contribute to the development of international financial policies and regulations.

The Bank Negara Malaysia plays a vital role in the Malaysian economy. Its policies and actions have a significant impact on the country's economic performance.