PETALING JAYA: Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz (pix) today said all allegations against her and the bank were not true and many were made by anonymous sources.

She said BNM was currently investigating who was responsible for spreading these rumours, adding that to date, seven BNM officers have been questioned by police in relation to leakage of information.

"Action will definitely be taken against those responsible for the leaks. We want to tell Malaysians that their deposits and banking details are safe with us," she told a press conference.

She said BNM has since completed its investigations relating to 1MDB's transactions which are all subject to its approval and under its legislative purview.

"I wish to stress that we are prohibited by law to discuss publicly on our investigations.

"All details of the completed investigations and recommended actions have since been forwarded to the Attorney-General," she said.

"There is no successor yet. Each time my term is renewed, my performance is evaluated. Our succession planning is five levels down ... this shows how solid we are," she added.

Here are the latest pointers taken from the press conference held by Zeti today:



» Zeti plans to remain as governor until the end of her term next year.

» Zeti said impact of ringgit depreciation is manageable. Businesses with high import content face higher costs, but export-oriented businesses will benefit from higher proceeds.

» Malaysia's GDP grew 4.9% in the second quarter of 2015 with private sector demand as the key driver.

» Private sector contributed 5.7% while public sector contributed 0.9%.

» Current account balance narrowed but remained positive in 2Q 2015.

» Higher external debt in 2Q 2015 was partly due to valuation effects, but impact is contained, said Zeti. Total external debt stood at RM794.3 billion.

» Headline inflation rose 2.2% mainly due to implementation of GST. Zeti said this was within expectations.

» Declining commodity prices and domestic factors contributed to additional pressure on the ringgit.

» Prolonged low crude oil prices since July 2014 continue to put downward pressure on the ringgit while other currencies of commodity exporting countries have depreciated significantly.

» The ringgit depreciation has a modest impact on household spending while low global commodity and domestic fuel prices cushion inflationary pressures.

» BNM will continue to ensure the orderly functioning of the market to avoid disruptions to trade and business activities.

» Liquidity remains stable in the government bond market while trading remains steady in the equity market.

» Malaysia will not consider pegging the ringgit : Zeti.

» Zeti: At the end of my term I would have completed 16 years in office and 35 years in service with BNM.



Here is an excerpt from the press conference:

