# Monetary policy: Where art thou?

> The ringgit hit a 24-year low of about 4.6030 per dollar as of September 26, and economists see it possibly falling to 5.00 by year-end. The US Federal Reserve raised rates by 75 basis points and signalled further hikes. Malaysian headline inflation rose to 4.7% in August, driven by food prices.

- Date: 2022-09-27 · published 2022-09-27T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/39866-monetary-policy-where-art-thou
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Rising food inflation and a weaker ringgit raise the cost of imported feed and food inputs for Malaysian producers. Expected further Fed tightening points to continued dollar strength.

## Read by commodity

- USDMYR: bullish ▲

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2022/09/27/monetary-policy-where-art-thou/

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