Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid(pic) said market players have been responding positively to the latest SRR cut by 100 basis points, which would release RM30 billion liquidity into the financial system.
KUALA LUMPUR: Bursa Malaysia will likely remain guarded in the immediate term depending on the COVID-19 development, despite Bank Negara Malaysia's move to cut the Statutory Reserve Requirement (SRR) ratio.
Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid said market players have been responding positively to the latest SRR cut by 100 basis points, which would release RM30 billion liquidity into the financial system.
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