# Bank Negara signals no rush to cut rates despite US tariffs, ringgit volatility monitored | Malay Mail

> 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.

- Date: 2025-04-09 · published 2025-04-09T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/25391-bank-negara-signals-no-rush-to-cut-rates-despite-us-tariffs-ringgit-volatility
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: neutral

## Sources

- malaymail.com: https://www.malaymail.com/news/malaysia/2025/04/09/bank-negara-signals-no-rush-to-cut-rates-despite-us-tariffs-ringgit-volatility-monitored/172394

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.