KUALA LUMPUR, Feb 14 (Bernama) -- Malaysia will continue to introduce new policies, as new risks from external spillovers emerge, in order to preserve macroeconomic and financial stability, says Bank Negara Malaysia (BNM).
In its Quarterly Bulletin, released today, BNM said external spillovers would continue to affect emerging economies in ways that are both expected and unexpected.
"The state of ongoing uncertainties within global policies, economic, political and financial market developments will lead to periods of heightened volatility.
"In such a case, it is important for emerging economies to recognise their autonomy in the conduct of policies to address issues that are unique to the domestic environment, and policies can no longer be constrained to conventional tenets of policy making but instead, new and untested strategies should be considered," it said.
The central bank added that Malaysia implemented a policy strategy that focused mainly on financial market development but included bold 'market-correcting' and prudential measures to deal with the country's unique challenges.....