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Deputy Finance Minister Ahmad Maslan said Bank Negara is looking for a solution to the weakening ringgit, which he expects to persist if the US debt ceiling is not raised. He said a weaker ringgit could help exports and tourism but would raise import costs and inflation if prolonged.
He left the policy response to the central bank.
Prolonged ringgit weakness would make imported inputs more expensive for Malaysia, but the statement signals no concrete policy action. Its effect on feed prices is limited.
mof.gov.myNorisMay 26, 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.
