# Ahmad Maslan: US Fed rates, China’s economy among factors driving ringgit performance | Malay Mail

> 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%.

- Date: 2023-10-23 · published 2023-10-23T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/33899-ahmad-maslan-us-fed-rates-china-s-economy-among-factors-driving-ringgit
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Government confirmation that external factors dominate ringgit weakness signals little near-term policy support, keeping import costs for feed inputs elevated.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- malaymail.com: https://www.malaymail.com/news/malaysia/2023/10/23/ahmad-maslan-us-fed-rates-chinas-economy-among-factors-driving-ringgit-performance/97918

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