Bank Negara says external factors causing ringgit’s slide

Updated 1 week ago · Published on 26 May 2023 9:39PM · 0 Comments

Bank Negara says the ringgit’s current weak performance is due to, among others, the US debt ceiling impasse and episodes of stress in the US and European banking sectors. – The Malaysian Insight file pic, May 26, 2023.

THE ringgit’s current weak performance is attributed to external developments in global financial markets, including the US debt ceiling impasse and episodes of stress in the US and European banking sectors, Bank Negara Malaysia (BNM) said today.

“In the current environment, external developments are having a more dominant impact on ringgit performance. 

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