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Monday June 1, 2009

Bank Negara meets Thai counterpart


KUALA LUMPUR: Officials from Bank Negara and the Bank of Thailand met on Saturday to discuss a number of issues facing domestic, regional and the international economy and financial system.

In a statement, Bank Negara said the meeting reviewed recent economic and monetary developments in Malaysia and Thailand, and discussed the issues as well as implications of the global financial crisis on their respective economies and financial systems.

“Both central banks shared their experiences on their policy responses to deal with the spillover effects of the global financial crisis and the sharp contraction in economic activities in the major advanced economies,’’ Bank Negara said.

Bank Negara said the meeting noted that the financial systems in Malaysia and Thailand were strong and resilient and that financing to the economy had been flowing adequately.

“The meeting also discussed avenues to further strengthen bilateral initiatives in the financial system to reinforce the high degree of economic and trade integration of both Malaysia and Thailand. The governors agreed to explore and pursue new avenues of cooperation and to broaden the activities of financial institutions in their respective economy,’’ the statement said.

The bilateral meeting was attended by Bank of Thailand governor Dr Tarisa Watanagase and Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.


For Bank Negara statements click here

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