Bank Negara Secures Robust Liquidity in Local Forex Amid Global Volatility

Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour has highlighted the central bank’s proactive stance in ensuring liquidity and stability within Malaysia’s domestic foreign exchange market amidst heightened global financial volatility. During his address at the InvestMalaysia portal launch, Rasheed acknowledged ongoing global uncertainties such as geopolitical shifts, changing policies by central banks, and the impact of the recent U.S. elections.

He underscored that while these factors have intensified market fluctuations, the narrowing of interest rate differentials between Malaysia and advanced economies bodes well for the ringgit.

Bank Negara Ensures Liquidity Stability

Rasheed emphasized Malaysia’s strong economic fundamentals, noting that a diverse economic structure and sound macroeconomic management have fostered resilience, with Malaysia’s growth averaging 4.3% since 2011, outperforming many regional counterparts. He pointed to recent reforms and the country’s fundamentals as drivers for potential growth in Malaysia’s investment landscape, especially as Malaysia is exposed to global risks as a small, open economy.

BNM remains committed to preserving both monetary and financial stability, supported by initiatives outlined in the Financial Sector Blueprint 2022-2026.

In a parallel announcement, Finance Minister II Datuk Seri Amir Hamzah Azizan introduced the InvestMalaysia portal, a government initiative to serve as a comprehensive information gateway for investors in Malaysia. The portal aims to bridge information gaps for investors and enhance Malaysia’s investor relations practices.

Expected to stimulate inflows of high-quality portfolio investments, it aligns with the nation’s goal to deepen financial markets, accelerate economic growth, and fulfill the Madani Economic vision of reaching high-income status.

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