✉news BusinessBanking first seen 19 h ago, last 9 h ago, peak #27
Ringgit set to weaken as Malaysia's central bank holds rates
Original: Malaysian ringgit looks likely to weaken as central bank stands pat amid global tightening
Malaysia's central bank has kept its policy rate unchanged while other central banks around the world continue tightening, and analysts expect the Malaysian ringgit to weaken as a result. With the rate gap widening against the US and other economies raising borrowing costs, capital may flow out of ringgit assets, putting further downward pressure on the currency and raising questions about how long Bank Negara Malaysia can hold its stance.
Why now: Investors are watching whether the rate gap with tightening global central banks will push the ringgit lower.
Bank Negara MalaysiaMalaysian ringgitMalaysia
Rank over time, top of the chart is #1. 5 snapshots from 19 h ago to 9 h ago.
Evidence
- Malaysian ringgit looks likely to weaken as central bank stands pat amid global tightening · ISI Markets
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