Ringgit moving in right direction, reflects economic fundamentals - BNM Governor

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KUALA LUMPUR: The ringgit is moving in the right direction as it reflects the nation’s economic fundamentals and strong prospects, said Bank Negara Malaysia (BNM).

On the overnight policy rate (OPR), he said the Monetary Policy Committee (MPC) believes the system remains conducive to sustainable economic growth.

These additional flows have helped to provide support to the ringgit's performance, contributing to the recovery of the ringgit that was observed in recent months, he stressed.

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Category: EconomyBusiness

Markets: MalaysiaChinaIndiaSingaporeUnited States

Topics: Forex Abdul Rasheed Ghaffour Tourism /Business/Business News Qualified Resident Investor US dollar Ringgit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 15:55:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 780 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22096878

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