# Bank Negara Looking For  Appropriate Solution To Shore Up Weakening Ringgit -- Ahmad Maslan

> 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.

- Date: 2023-05-26 · published 2023-05-26T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/36215-bank-negara-looking-for-appropriate-solution-to-shore-up-weakening-ringgit
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Sources

- mof.gov.my: https://www.mof.gov.my/portal/en/news/press-citations/bank-negara-looking-for-appropriate-solution-to-shore-up-weakening-ringgit-ahmad-maslan

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