Bank Negara says it stands ready to ensure orderly market condition amid Middle East conflict

Bank Negara said it has engaged with financial market participants, including heads of treasury operations who concurred that any uncertainties would recede and stabilise once the geopolitical situation de-escalates. — Picture by Yusof Mat IsaKUALA LUMPUR, April 15 — Bank Negara Malaysia stands ready to deploy the tools at its disposal to ensure the Malaysian financial markets remain orderly and continue to function efficiently in light of the current geopolitical situation.

“BNM continues to closely monitor conditions in the financial markets and will manage any risks arising from heightened financial market volatility,” it said in a statement today following Prime Minister Datuk Seri Anwar Ibrahim’s statement on the Middle East conflict yesterday. The central bank said it has engaged with financial market participants, including heads of treasury operations who concurred that any uncertainties would recede and stabilise once the geopolitical situation de-escalates.

Yesterday, Anwar, who is also the finance minister, said the government is closely monitoring the developments in the Middle East conflict and the financial market situation, including the potential impact on Malaysia.

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