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PUTRAJAYA: Amid calls for the overnight policy rate (OPR) to be raised, the Prime Minister believes that increasing it to strengthen the ringgit’s value will not help the people, says Fahmi Fadzil.
Malaysia’s 2024 economic growth will be driven by higher external demand and strong domestic spending, on expectations of accelerated global trade, the bank says.
KUALA LUMPUR: The ringgit ended slightly higher against the US dollar on Wednesday, although the greenback had strengthened as investors focused on the upcoming release of the US Federal Open Market Committee’s (FOMC) meeting minutes, an economist said.
KUALA LUMPUR: The ringgit opened easier against the US dollar as the greenback remained steady despite a slight retracement on the back of subdued US yields and ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes later today, said an economist.
KUALA LUMPUR: Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the value of the ringgit should be better than what it is now due to the government’s ongoing structural reforms.