BNM regrets any confusion caused by procedural change on loan moratorium

Central bank blames its illustration provided in an earlier version of FAQs, where certain assumptions and caveats were made.

Bank Negara Malaysia has expressed regret that its announcement on the procedural change for the six-month moratorium for hire purchase and fixed-rate Islamic financing yesterday might have caused confusion and anxiety.

In FAQs issued today, the central bank denied it had reversed its decision on the six-months payment deferment for both loans....

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