CURRENT

Bank Negara says no plans for capital controls or re-pegging ringgit

23 Sep 2022, 5:06 AM
Bank Negara says no plans for capital controls or re-pegging ringgit

KUALA LUMPUR, Sept 23 — Malaysia will not resort to capital controls or re-pegging the ringgit currency, the central bank said on Friday.

"Rather than resorting to capital controls or re-pegging of the ringgit, the policy priority now is to sustain economic growth in an environment of price stability and to further strengthen domestic economic fundamentals through structural reforms," Governor Nor Shamsiah Mohd Yunus said in a statement.

— Reuters

 

What do you think?

Latest
MidRec
Media Selangor
About Us

Media Selangor Sdn Bhd (MSSB), a subsidiary of Menteri Besar Selangor Incorporated (MBI), is the official media agency of the Selangor State Government. In addition to the Media Selangor news portal (formerly known as Selangorkini & Selangor Journal), Media Selangor also publishes newspapers in Mandarin, Tamil, and English.