• Tun Ismail Ali Chair (TIAC)
  • tiac@um.edu.my
  • 03-7967 3689

Update July 2022: 

Want to get a glimpse of what it’s like to be a Monetary Policy Committee (MPC) member in determining the appropriate monetary policy action? Attend the Tun Ismail Ali Chair (TIAC) Monetary Policy Challenge 2022!

To gain insights on the economy and monetary policy, check out the seminar on economy and monetary policy by a BNM economist as well as a simulation of an MPC deliberation by TIAC Monetary Policy Challenge finalists via the links below.

Economy and monetary policy (19 July, 2.30 – 4.30 pm) at here

Finals of the TIAC Monetary Policy Challenge (20 July, 2 – 5 pm) at here


Programme Book

#TIACChallenge #monetarypolicy

Update June 2022Our flagship event for the year has now taken a new form! Applications for the inaugural Intervarsity Monetary Policy Challenge are now open as of 2nd June 2022. 

Do read for more details and if you have any queries or concerns, please email tiac@bnm.gov.my.

About the Tun Ismail Ali Intervarsity Challenge

The Tun Ismail Ali Challenge is a two-day residential challenge that aims to provide undergraduates with an exciting opportunity to put themselves in the shoes of a central bank’s Monetary Policy Committee.

During the challenge, participants will be tasked to assess the economic conditions facing a given economy. They will then analyse, simulate and apply economic reasoning to decide on an appropriate monetary policy action. You might have read about monetary policy in the news and in textbooks, so now is the time to put that understanding to the test!

For more information, check out this challenge guide.

The challenge will take place in Bank Negara Malaysia, Kuala Lumpur on 19th July – 20th July 2022.


Each application must constitute a team of three students and one team advisor.

  • At least one student must have a background in Economics/Business/Finance.
  • The team advisor is a member of staff representing the Economics/Business/Finance faculty of any local university in Malaysia.

There is no limit to the number of representative teams that can apply for each university.


You may access the application form here. The application requires:

Please read the Tun Ismail Ali Intervarsity Challenge Terms and Conditions carefully before applying for the Challenge. By applying, it is implied that you have read, understood and agreed to comply with the terms and conditions.

The application opens on 2nd June 2022 and closes on 11:59pm Malaysian time on 3rd July 2022. 


The winning teams will be awarded cash prizes, as below:

  • Champion: RM 5,000 cash prize, an internship placement for all three participants in BNM and a research collaboration between the team advisor with BNM
  • 1st Runner-up: RM 3,000 cash prize
  • 2nd Runner-up: RM 1,000 cash prize

More Questions?

Start by reading the FAQS. We may already have the answers to your questions! If you have any further inquiries, please contact the committee at tiac@bnm.gov.my.


Last Update: 28/07/2022