KUALA LUMPUR: Bank Negara has appointed Datuk Yogeesvaran Kumaraguru as an external member of the Monetary Policy Committee (MPC).
In a statement, the central bank said the appointment is for a two-year term, effective Sept 1, 2024.
“An accomplished economist, Datuk Yogeesvaran Kumaraguru had 27 years of experience in the Economic Planning Unit before joining the Ministry of Plantation Industries and Commodities as Secretary General in 2017.
“During his tenure at EPU, he was involved in the formulation of several Malaysia Plans and was a member of the National Economic Action Council Secretariat.
Bank Negara said Yogeesvaran has also served as a consultant on economic matters to the World Bank and the United Nations.
Commenting on the appointment, Bank Negara Governor Datuk Seri Abdul Rasheed Ghaffour said Yogeesvaran’s insights and experience in the field of economics and policymaking will be beneficial to the MPC’s discussions and deliberations.
Under the Central Bank of Malaysia Act 2009 (CBA), the MPC is responsible for formulating monetary policy and deciding on policies for the conduct of monetary policy operations.
The CBA also sets out the process for appointing members to the MPC.
The MPC’s members comprise Abdul Rasheed,
Deputy Governor Datuk Jessica Chew Cheng Lian, Deputy Governor Datuk Marzunisham Omar, Deputy Governor Adnan Zaylani Mohamad Zahid, Assistant Governor Dr Norhana Endut, Assistant Governor Mohd Fraziali Ismail, Assistant Governor Mohamad Ali Iqbal Abdul Khalid (effective Sept 1), external members Lim Chee Sing and Nor Zahidi Alias, as well as Yogeesvaran.–The Star
