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Prime Minister Najib Razak says Malaysia will let financial markets set the ringgit's direction and will not intervene. He also outlined plans to boost equity market liquidity and cut income and corporate taxes over the next five years.
He said the 2020 balanced budget target will be hard to meet.
A no-intervention stance means the ringgit will move with market sentiment, which can add volatility to Malaysian palm oil export pricing in dollar terms. Its effect on feed markets is small.
beta.malaymail.comApr 27, 2018Not 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.
