# Economist calls for new measures to strengthen ringgit | Malay Mail

> 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.

- Date: 2017-10-28 · published 2017-10-28T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/68736-economist-calls-for-new-measures-to-strengthen-ringgit-malay-mail
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: neutral

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/malaysia/2017/10/28/economist-calls-for-new-measures-to-strengthen-ringgit/1497537

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