By Yantoultra Ngui
SINGAPORE (Reuters) – Malaysia’s central financial institution, Financial institution Negara Malaysia (BNM), is carefully monitoring the uspresidential election and was ready to handle market volatility and guarantee orderly market circumstances, it informed Reuters late on Tuesday.
“Financial institution Negara Malaysia carefully screens world developments, together with the U.S. elections, that would have an effect on the monetary markets,” it stated in an emailed assertion to Reuters.
“Malaysia’s extremely diversified financial and commerce construction, together with its sturdy fundamentals and constructive progress prospects, will present ample buffers to navigate exterior uncertainties,” the financial institution stated.
The U.S. heads to the polls to elect both Republican Donald Trump or Democrat Kamala Harris as the following president, two candidates with sharply totally different visions for the world’s largest economic system.
