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Deputy Finance Minister Ahmad Maslan told parliament that US Fed rates staying higher for longer, weaker China growth and PBOC easing are driving the ringgit's performance. He said Malaysia's overnight policy rate stands at 3.0% and inflation has eased to 1.9%.
Government confirmation that external factors dominate ringgit weakness signals little near-term policy support, keeping import costs for feed inputs elevated.
malaymail.comOct 23, 2023Not 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.
