Responding to the article, it said the reporting by Bloomberg reflected a lack of understanding of the Malaysian economy, external position, financial system and its economic policies.
KUALA LUMPUR: Investment banks (IBs) demanding for the Broad Property Sector (BPS) guideline to be scrapped are taking a short-term view and should consider the long-term systemic implications of an overexposure to the property sector and not just focus on their own commercial gains, said Bank Negara.
“We should not be oblivious to the many lessons learnt from the Asian and global financial crises,” it said in response to an article entitled “IBs want property lending rule scrapped”, published by a local daily recently.
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