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Bank Negara Malaysia governor Abdul Rasheed Ghaffour said monetary policy is not the right tool to counter US tariffs and that the central bank is prepared to intervene in volatile ringgit trading. The policy rate has been held at 3% since May 2023, and the bank cited Malaysia's strong position in the dispute.
Signals that the central bank will hold rates and may intervene in the ringgit provide limited near-term direction for palm oil prices priced in dollars.
malaymail.comApr 9, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
