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Malaysia's Finance Ministry said in a written reply to the Dewan Negara that the government will keep pursuing policies to attract foreign investment and strengthen international reserves and the ringgit. It said Bank Negara's approach is an orderly ringgit adjustment and that recent ringgit moves tracked regional currencies and expected US rate hikes.
Policy aimed at keeping the ringgit orderly reduces the risk of sharp swings in the local cost of dollar-priced feed imports. The statement signals no change in trade or commodity policy.
mof.gov.myNatrahApr 6, 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.
