Foreword to the Annual Report
The Bank continues to promote monetary stability and financial stability in the face of an uncertain and challenging operating environment.
Activities of the Bank in performing its role
As Malaysia’s central bank, our principal objective is to promote monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy. The Bank derives its mandate and powers from the Central Bank of Malaysia Act 2009 and other laws that it administers.
Finances of the Bank as at end 2019
The Bank manages its finances with the objective of ensuring that it has the resources to discharge its mandates. In keeping with these mandates, we are committed to being disciplined, prudent and responsible in managing our resources.
Foreword to the Economic & Monetary Review
Economic developments in 2020 have taken a dramatic turn. Initially projected as a year of modest recovery, the expected stabilisation in the global economy was interrupted by the sudden outbreak of COVID-19, which has since developed into a global health crisis.
Summary of the Economic & Monetary Review
The global economy and global trade expanded by 2.9% and 1.0%, respectively in 2019, amid protracted and unresolved trade tensions which exacerbated the cyclical downturn in global manufacturing and investment activities.
Summary of the Financial Stability Review
Global financial vulnerabilities remained elevated in the second half of 2019 amid heightened uncertainties from trade and geopolitical tensions. During this period, prospects of weaker growth prompted several economies including those in Asia to reduce policy rates.
