Bank Negara Malaysia and the Department of Statistics Malaysia entered into a new Memorandum of Understanding (MoU) today, signed by Governor Datuk Nor Shamsiah Mohd Yunus and Chief Statistician Dato’ Sri Dr. Mohd Uzir Mahidin.

The new MoU enhances the inter-agency MoU previously signed in 2008 by further strengthening the scope of data sharing and utilisation for surveillance, analysis, and policy formulation. The MoU also sets out new areas of partnership between both agencies, such as in research and development, technical consulting and advice, as well as training and capacity building.

This partnership is expected to support the development of subject matter expertise in both agencies to meet current and emerging data needs, through the adoption of advanced statistical techniques, application of data science and analytics, as well as other innovative approaches.