Ringgit moving in right direction, reflects economic fundamentals, says BNM Governor

The Star

The ringgit is moving in the right direction as it reflects the nation’s economic fundamentals and strong prospects, said Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour on Friday (Aug 16).   Read more at https://tinyurl.com/2whzsrft   WATCH MORE: https://thestartv.com/c/news  SUBSCRIBE: https://cutt.ly/TheStar  LIKE: https://fb.com/TheStarOnline

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00:00Let me just share this. To me, I see the recent strength in Ringgit performance is some form of recovery from the past performance.

00:13And it is moving towards the right direction in terms of being more effective of our fundamentals and the strong prospects of the economy.

00:22In terms of whether we have a comfortable level for Ringgit, we don't target a certain particular level for Ringgit.

00:32It is market-driven.

00:35But of course, what we have seen and what I've said earlier on in terms of the support for Ringgit moving forward is positive,

00:43coming from the clearer path of the U.S. monetary policy, coming from the coordinated measures between government and Bangkara,

00:52and also coming from the stronger prospect of economic growth for Malaysia and the strong fundamentals that we have.

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