KUALA LUMPUR, May 11 (Xinhua) -- Bank Negara Malaysia (BNM) and Bank Indonesia (BI) have signed a new memorandum of understanding (MoU) to strengthen bilateral cooperation in promoting regional financial stability and sustainable economic growth, the two central banks said Monday.
The MoU provides a comprehensive framework for collaboration across a broad range of central banking areas, including monetary policy, financial stability and macroprudential policy, payment systems and digitalization, financial sector development, capacity-building initiatives, and information sharing, the banks said in a joint statement.
Both central banks said the agreement would pave the way for a more robust and synergistic partnership, with continued cooperation in mutually agreed areas aimed at supporting the prosperity of both economies.
"This MoU reaffirms the longstanding partnership between BNM and BI. It also underscores our shared commitment to deepen collaboration across established areas of central banking, while expanding cooperation into emerging areas of mutual interest," BNM's governor Abdul Rasheed Ghaffour said.
BI governor Perry Warjiyo said the MoU is a testament to the enduring spirit of strengthening institutional ties and deepening bilateral cooperation between the two central banks, especially in the current challenging geopolitical landscape. ■
