KUALA LUMPUR (Nov 20): Bank Negara Malaysia (BNM) said on Wednesday it is prepared to deal with currency volatility while ensuring the orderly functio
KUALA LUMPUR (Nov 20): Bank Negara Malaysia (BNM) said on Wednesday it is prepared to deal with currency volatility while ensuring the orderly functioning of the foreign exchange market.
The central bank’s Financial Markets Committee (FMC) continues to monitor the domestic financial market conditions amid unfolding US presidential election outcome and concerns surrounding China’s economic growth prospects, BNM said in a statement.
“The FMC viewed positively that Malaysia’s strong economic fundamentals and growth prospects further enhance the financial market’s resilience against external shocks,” the statement said. “In this regard, BNM stands ready to manage market volatility and ensure orderly market functioning.”
theedgemalaysia.com