Bank Negara sees CMCO impact less severe than previously

Bank Negara Governor Datuk Nor Shamsiah Mohd Yunus said: “The Malaysian economy is expected to improve further going into 2021 in tandem with better global demand and domestic policy support”.

KUALA LUMPUR: Bank Negara Malaysia expects the impact from the current conditional movement control order (CMCO) to be less severe compared to the containment measures imposed during previous periods and the country to stage a rebound next year.

Bank Negara Governor Datuk Nor Shamsiah Mohd Yunus said on Friday, most economic sectors have been allowed to continue to operate subject to compliance with standard operating procedures (SOPs).