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Finance Minister Tengku Zafrul said strong economic fundamentals and prudent management by Bank Negara Malaysia should support the ringgit despite recent temporary depreciation pressures. He pointed to GDP growth of 5% in Q1 2022 and an IMF forecast of 5.75% growth for 2022.
Government signals that the central bank will limit volatility suggest the ringgit may stabilize or firm, which would ease dollar-based import costs for feed buyers.
malaymail.comMay 28, 2022Not 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.
