Bank Negara Malaysia ready to address excessive ringgit volatility, urges markets to look beyond “short-term currency dynamics”

Mary Alavanza
Sat, 02 Nov 2024 06:34:15 +0000
Malaysia, bank negara malaysia, Malaysian ringgit, ringgit

MALAYSIA: Bank Negara Malaysia (BNM) said it is ready to address any excessive volatility in the ringgit, urging markets to consider looking beyond “short-term currency dynamics.” In an emailed statement to Bloomberg News, BNM said, “BNM remains vigilant and is ready to offer liquidity when required.” The central bank highlighted that Malaysia’s “strong fundamentals, positive …