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Independent economist Dr Suresh Kumar says new measures are needed to strengthen the ringgit, which is trading near 4.20 per US dollar despite earlier Bank Negara measures. He warns that a weak currency will push up inflation.
Budget 2018 inflation forecasts were 2.5-3.5% for 2018.
A persistently weak ringgit raises the local-currency cost of imported feed and inflation pressure for Malaysian feed buyers. Policy action to firm the currency would ease that cost.
beta.malaymail.comOct 28, 2017Not 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.
