The Bank Negara organised Tun Ismail Ali Chair Monetary Policy challenge saw three students from University of Nottingham Malaysia emerging as the winning team this year, the winning team consists of Imran Danial bin Adi Firdaus, Lee Wenn Shian, and Wan Zulyahya Amri bin Shoberi, under the guidance of team advisor Dr. Teo Wing Leong.
TIAC Challenge started in 2018 to promote interest in monetary and public policy as well as encourage more discourse on contemporary issues among undergraduate students. After a two-year hiatus due to the COVID-19 pandemic, the challenge returned this year with a new focus on the formulation of monetary policy. Participants were tasked to assess the economic conditions of a fictitious economy and decide on the appropriate monetary policy action. Twenty-seven shortlisted students from 7 universities competed in the two-day challenge held at Sasana Kijang, BNM.
The team took home a cash prize of RM5,000 as well as internship placements with BNM.
Assistant Governor Fraziali Ismail said, “The challenge this year aims to expose our undergraduates to the discussions and the deliberations that take place at BNM’s Monetary Policy Committee in setting the OPR. This is part of BNM’s efforts to raise public understanding of the role of BNM in promoting monetary stability.”
TIAC was founded in 2000, in memory of BNM’s first Malaysian Governor, the late Tun Ismail Ali. It aims to encourage research, commentary, and interaction on issues related to monetary and financial policies.
