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Evolving roles and responsibilities of central banks in a changing landscape

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

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, financial stability, climate, energy and nature, trade, fragmentation and geopolitics

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· Abdul Rasheed Ghaffour · Bank Negara Malaysia WikiEvolving roles and responsibilities of central banks in a changing landscape

ContextKeynote address by Abdul Rasheed Ghaffour, Governor of the Central Bank of Malaysia (Bank Negara Malaysia), at the Central Banking Meetings, Kuala Lumpur, 31 March 2026.

Why it mattersMalaysia's Governor on how central banks should keep their mandate while adapting to conflict, digital change and climate.

Problems raised
  1. Geopolitical conflict and trade fragmentation reshape the world.
  2. Digital change and climate pressures add challenges.
  3. Tightening can be misunderstood by the public in the short run.
Solutions proposed
  1. Stay true to the mandate while remaining agile.
  2. Explain central bank actions clearly.
  3. Build resilience for a changing world.
Read full speech on bis.org ↗

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