It is pertinent to mention that the SBP already has longstanding MoUs / arrangements with several international regulatory bodies/central banks, after approval of the Federal Government, read the ministry statement.
In Malaysia, stocks were up half a percent and the ringgit nearly a third of a percent, after the government unveiled a fresh round of stimulus on Wednesday, totalling 20 billion ringgit ($4.87 billion).
The central bank will also give its own revised forecast for economic growth this year on Thursday, having predicted a 3.68% expansion at its last quarterly meeting in December, with exports expanding strongly.
"The central bank's recent proactive stance with its interventions ... seems to be here to stay in the near term," they wrote in a note, citing increased nervousness over inflation. "This adds another layer of support for the real."