Kuala lumpur: Central banks worldwide are being urged to transform into architects of resilience in response to the rapidly changing global economic landscape. This call to action was made by the Governor of Bank Negara Malaysia (BNM), emphasizing the need for central banks to adapt and strengthen their roles in the face of emerging challenges.

According to BERNAMA News Agency, the BNM Governor highlighted the pivotal role central banks play in ensuring economic stability and resilience. The Governor asserted that traditional approaches might no longer suffice, urging for a comprehensive evolution in how central banks operate. This includes adopting innovative strategies and frameworks that can better withstand economic disruptions and uncertainties.

The Governor's remarks come at a time when global economies are facing unprecedented challenges, including technological advancements, climate change, and geopolitical tensions. These factors necessitate a shift in the central banks' approach to policy-making, focusing on long-term stability and resilience rather than short-term fixes.

The BNM Governor also stressed the importance of collaboration among international institutions to share knowledge and best practices. This cooperative effort is seen as crucial in building a more resilient global economic system that can effectively respond to future challenges.