Bank Negara Malaysia has announced the reappointment of Lim Chee Sing as an external member of the Monetary Policy Committee for a period of three-year term, effective 1 January 2024.
Lim Chee Sing has been an external member of the MPC since 1 January 2022. From 2013 until 2017, he served as the Executive Director and Chairman of RHB Research Institute Sdn. Bhd. He was also the Group Chief Economist of the RHB Banking Group and an equity market strategist for the Malaysian market for RHB Research Institute. An economist by training, he began his career with BNM in 1981, where he worked for close to eleven years. He then joined RHB Research Institute as its regional economist, and was subsequently promoted to the Head of Research in 2002. Lim Chee Sing holds an MBA and a Bachelor’s degree in Economics from the University of Malaya.
Under the Central Bank of Malaysia Act 2009 (CBA 2009), the MPC is responsible for formulating monetary policy and deciding on policies for the conduct of monetary policy operations. The CBA 2009 also sets out the process for appointing members to the MPC.
Members of the MPC:
(1) Governor Abdul Rasheed Ghaffour
(2) Deputy Governor Jessica Chew Cheng Lian
(3) Deputy Governor Marzunisham Omar
(4) Deputy Governor Adnan Zaylani Mohamad Zahid
(5) Assistant Governor Dr. Norhana Endut
(6) Assistant Governor Fraziali Ismail
(7) Lim Chee Sing (External Member)
(8) Nor Zahidi Alias (External Member)
