Bank Negara buys bonds in the market if necessary, Zafrul says

Bank Negara had cut the Overnight Policy Rate (OPR) by 125 basis points from three per cent to 1.75 per cent in the first seven months of 2020.

KUALA LUMPUR: In its efforts to promote a robust domestic bond market, Bank Negara Malaysia (BNM) also purchases bonds in the market if necessary and under certain conditions, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

"In general, this move has provided an additional RM54 billion worth of liquidity to the banking system, ” he told the Dewan Negara today.