Govt, BNM intensifying engagement with corporates to drive funds into forex market

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KUALA LUMPUR: The government and Bank Negara Malaysia (BNM) will continue to intensify engagement with corporates, including exporters, importers, gov...

: The government and Bank Negara Malaysia will continue to intensify engagement with corporates, including exporters, importers, government-linked investment companies and government-linked companies to encourage fund flows into the foreign exchange market.

According to him, the forecast shows US inflation is more manageable and the US monetary policy normalisation plan this year will curb US dollar appreciation. He revealed that today’s meeting also studied in depth the NDFB proposal which is aimed at boosting investor confidence and increasing productivity, competitiveness and national economic growth.

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