Reappointment of an External Member to the Monetary Policy Committee

null Reappointment of an External Member to the Monetary Policy Committee

Reappointment of an External Member to the Monetary Policy Committee

Bank Negara Malaysia wishes to announce the reappointment of Datuk Yogeesvaran Kumaraguru as an external member of the Monetary Policy Committee (MPC). The appointment is for a three-year term, effective 1 September 2026.

Datuk Yogeesvaran Kumaraguru has been an external member of the MPC since 1 September 2024. He had 27 years of experience in the Economic Planning Unit (EPU) 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. He has also served as a consultant on economic matters to the World Bank and the United Nations. He currently contributes his expertise in law and economics as a Partner at a legal firm and as a Non-Resident Senior Fellow at the Malaysian Institute of Economic Research (MIER). Datuk Yogeesvaran holds a Master’s degree in Economics from the University of Manchester, United Kingdom, a Bachelor’s degree in Economics from the University of Malaya, and a Bachelor of Laws (LLB) degree from the University of London, United Kingdom.

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.