# Malaysia central bank chief sees ringgit reprieve as rates peak - The Business Times

> Bank Negara Malaysia Governor Abdul Rasheed Ghaffour said the 3% policy rate is slightly accommodative and that the ringgit should recover once developed-market central banks finish raising rates. The ringgit strengthened more than 2% in November after it had slumped to near 4.8 per dollar in October.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/32991-malaysia-central-bank-chief-sees-ringgit-reprieve-as-rates-peak-the-business
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Expectations of a stable domestic rate and a currency recovery signal that Malaysian import costs may ease, which is a modest factor for palm oil and other dollar-priced feed inputs.

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/asean/malaysia-central-bank-chief-sees-ringgit-reprieve-rates-peak

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