Foreign inflows into bonds reflect confidence in policies, Zafrul says

Tengku Datuk Seri Zafrul Abdul Aziz said the accumulated net foreign inflows of RM18.3 billion recorded by Malaysia's bond market in 2020 reflects yield-hunting activities and, to some extent, represents the confidence of the capital market in the country's policies and direction over the next few months

KUALA LUMPUR: The accumulated net foreign inflows of RM18.3 billion recorded by Malaysia's bond market in 2020 reflects yield-hunting activities and, to some extent, represents the confidence of the capital market in the country's policies and direction over the next few months, said Tengku Datuk Seri Zafrul Abdul Aziz.

The Finance Minister said although Bank Negara Malaysia has cut the Overnight Policy Rate (OPR) to record low of 1.75 per cent, there is room for the central bank to take action in terms of monetary policy.