Bank Negara extends flexibility


According to the central bank, the decision to extend this flexibility is part of its continuous efforts to ensure sufficient liquidity to support financial intermediation activity

KUALA LUMPUR: Bank Negara has extended the flexibility for banking institutions to use the Malaysian Government Securities (MGS) and Malaysian Government Investment Issues (MGII) to meet the Statutory Reserve Requirement (SRR) compliance until Dec 31,2022.

“This flexibility, which was previously announced on May 5,2020, is currently applicable until May 31,2021, ” it said in a statement.

According to the central bank, the decision to extend this flexibility is part of its continuous efforts to ensure sufficient liquidity to support financial intermediation activity. — Bernama

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