Malaysia central bank to ensure stability amid global volatility, governor says

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KUALA LUMPUR : Narrowing interest rate differentials between Malaysia and major economies is good for Malaysia's ringgit, despite greater volatility in global markets following the U.S.election, Malaysia's central bank chief said on Thursday.

Picture taken July 31, 2019.

"We are closely monitoring global developments and stand ready to manage any spillover to domestic markets, including by ensuring sufficient liquidity in the domestic foreign exchange market".

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Article Details

Category: EconomyBusiness

Markets: SingaporeMalaysia

Topics: Economic Market Rasheed Investment Bank Malaysia Abdul Domestic Kuala Negara Central

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 17:15:48 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 349 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23459401

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Main Topics: EconomyBusiness

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