Personal Finance Term
BNM
Bank Negara Malaysia
Malaysia's central bank, responsible for monetary policy, financial system stability, and regulating banks, insurance companies, and money service businesses.
BNM sets the OPR (Overnight Policy Rate), publishes daily exchange rates, maintains CCRIS, and licenses all banks and financial institutions in Malaysia. Any financial product offered by a licensed Malaysian bank is regulated and supervised by BNM.
BNM's consumer portal (bnm.gov.my) is the authoritative source for official exchange rates, interest rate announcements, and licensed institution lists. If you want to verify whether a financial company is legitimate, BNM's licensee list is the definitive check.