KUALA LUMPUR, April 15 (Xinhua) -- The Central Bank of Malaysia said on Monday that it stands ready to deploy the tools at its disposal to ensure the Malaysian financial markets remain orderly and continue to function efficiently as geopolitical conflict escalates.
Bank Negara Malaysia (BNM) said in a statement that 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 unabatedly to further bring in flows and liquidity into the foreign exchange market, according to the bank.
The BNM also said it will continue to closely monitor conditions in the financial markets and will manage any risks arising from heightened financial market volatility.
It said it has also engaged with financial market participants, including heads of treasury operations, who concur that any uncertainties would recede and stabilize once the geopolitical situation de-escalates. ■
