# Najib says financial markets to decide on currency | Malay Mail

> 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.

- Date: 2018-04-27 · published 2018-04-27T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/65780-najib-says-financial-markets-to-decide-on-currency-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: neutral

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/malaysia/2018/04/27/najib-says-financial-markets-to-decide-on-currency/1624640

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