Reappointment of External Member to BNM's Monetary Policy Committee

Reappointment of External Member to BNM's Monetary Policy Committee

Embargo : For immediate release Not for publication or broadcast before 1800 on Friday, 13 January 2023
13 Jan 2023

Bank Negara Malaysia wishes to announce the reappointment of Mr. Nor Zahidi Alias as an external member of the Monetary Policy Committee (MPC). The reappointment is for a three-year term, effective 1 January 2023.

Mr. Nor Zahidi Alias has been an external member of the MPC since 1 January 2021. He was the Chief Economist of the Malaysian Rating Corporation Berhad (MARC). Earlier in his career, he worked at The New Straits Times Press (M) Berhad as a senior analyst before subsequently joining Kuala Lumpur City Securities as an economist. Prior to his position in MARC, he was the Head of Research and Chief Economist of Alliance Merchant Bank and Head of Research of MCIS Zurich Insurance. Mr. Nor Zahidi holds a Master's degree in Economics Policy and a Bachelor's degree in Economics from Boston University.

About the MPC

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.

Members of the MPC

(1) Governor Nor Shamsiah Mohd Yunus

(2) Deputy Governor Abdul Rasheed Ghaffour

(3) Deputy Governor Jessica Chew Cheng Lian

(4) Deputy Governor Marzunisham Omar

(5) Assistant Governor Adnan Zaylani Mohamad Zahid

(6) Assistant Governor Dr. Norhana Endut

(7) Assistant Governor Fraziali Ismail

(8) Lim Chee Sing

(9) Nor Zahidi Alias

See also:

• Profiles of BNM Monetary Policy Committee members
• Role of BNM in promoting Monetary Stability