KUALA LUMPUR: Bank Negara Malaysia (BNM) today said it stands ready to deploy the tools at its disposal to ensure the Malaysian financial markets remain orderly and continue to function efficiently.
Yesterday, Prime Minister Datuk Seri Anwar Ibrahim said the government is closely monitoring the developments and the position of financial markets, including the potential impact on Malaysia following the escalation in conflict in the Middle East.
BNM in a statement early this morning said its market operations will ensure sufficient liquidity and orderly functioning of the foreign exchange market.
This is supported by the ongoing initiatives with government linked companies (GLCs), government linked investment companies (GLICs), corporates and exporters which continue unabated to further bring in flows and liquidity into the foreign exchange market.
BNM said it continues to closely monitor conditions in the financial markets and will manage any risks arising from heightened financial market volatility. BNM has engaged with financial market participants, including heads of treasury operations, who concur that any uncertainties would recede and stabilise once the geopolitical situation de-escalates.