Malaysian markets remain resilient post-Brexit — BNM
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Malaysian markets remain resilient post-Brexit — BNM
Malaysian markets remain resilient post-Brexit — BNM
By Chester Tay / theedgemarkets.com | July 1, 2016 : 10:11 AM MYTThis article first appeared in The Edge Financial Daily, on July 1, 2016.
KUALA LUMPUR: Malaysian markets have remained resilient and continued to operate in an orderly manner post-Brexit as key domestic markets continue to have ample liquidity, according to Bank Negara Malaysia’s (BNM) Financial Market Committee (FMC).
“Key domestic markets including the government bonds, corporate bonds and money markets were stable and the domestic markets continue to have ample liquidity,” said the FMC in a statement yesterday.
“For the ringgit foreign exchange market, despite higher than usual volatility, liquidity remains supported and financial market participants are able to transact and execute their business without any disruptions,” it added.
It added that the central bank will continue to monitor developments in the domestic markets and work with FMC members, including taking proactive measures, to address any further volatility that could re-emerge from the transition process to ensure the orderly functioning of Malaysia’s financial markets.
Brexit refers to the UK’s decision to quit the European Union after its citizens voted “Leave” in a referendum last Thursday.
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