# Bank Negara governor defends efforts to curb NDF market - Central Banking

> Bank Negara Malaysia's governor said the ringgit's divergence between onshore and offshore forward markets late last year reflected a market mechanism failure. He defended the central bank's subsequent efforts to curb the offshore non-deliverable forward market.

- Date: 2017-05-25 · published 2017-05-25T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/71278-bank-negara-governor-defends-efforts-to-curb-ndf-market-central-banking
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Restrictions on offshore ringgit trading affect hedging costs and currency liquidity for importers, which can change the local cost of dollar-priced feed.

## Read by commodity

- USDMYR: neutral

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/financial-stability/fmi/3243271/bank-negara-governor-defends-efforts-to-curb-ndf-market

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