Malaysian ringgit faces pressure amid trade tensions and potential rate cuts

Merzsam Singkee
Tue, 18 Mar 2025 09:18:01 +0000
Business, bank negara malaysia, Malaysia currency forecast, Malaysian economy, Malaysian ringgit outlook

MALAYSIA: Despite being Asia’s best-performing currency in 2024, the Malaysian ringgit is now facing renewed pressure due to global trade uncertainties. This is further exacerbated by the growing likelihood of an interest rate cut by Bank Negara Malaysia (BNM). Analysts warn that slowing growth, heightened US-China trade tensions, and Malaysia’s reliance on semiconductor exports could …