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Keynote address - launch of Tun Ismail Ali Centre of Excellence in Monetary and Financial Economics

· Abdul Rasheed Ghaffour, Governor of the Bank Negara Malaysia (Malaysia)

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· Abdul Rasheed Ghaffour · Bank Negara Malaysia WikiKeynote address - launch of Tun Ismail Ali Centre of Excellence in Monetary and Financial Economics

ContextKeynote address by Abdul Rasheed Ghaffour, Governor of the Central Bank of Malaysia (Bank Negara Malaysia), at the Preliminary Launch of the Tun Ismail Ali Centre of Excellence (TIA CoE) in Monetary and Financial Economics, hosted by the Asia School of Business, Kuala Lumpur, 20 January 2025.

Why it mattersMalaysia's governor opens a research centre to strengthen policymaking under uncertainty.

Problems raised
  1. Risk and uncertainty complicate policy.
  2. Macroeconomic challenges are complex.
  3. Banking traditions must be preserved.
Solutions proposed
  1. Launch a centre of excellence in monetary economics.
  2. Account for uncertainty in policymaking.
  3. Uphold sound banking virtues.
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