Bill on temporary measures to reduce Covid-19 impact approved at policy stage | Malay Mail

Monday, 24 Aug 2020 06:18 PM MYT

“Currently, the government will use domestic financial instruments as it can reduce foreign exchange risk exposures, as well as refinancing risks,” he said when winding-up debate for the Ministry of Finance on the Bill today. He said BNM had also lowered the Overnight Policy Rate by 125 basis points from 3.00 per cent to 1.75 per cent, the lowest level since 2004.

“Therefore, the comparison was less accurate not an apple-to-apple comparison and has caused confusion,” he said. “Of this amount, RM145 billion is an injection from various sources such as financing from Bank Negara’s initiatives, government-linked companies and government agencies,” he said.

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