Monday, September 8, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Technology

Malaysian central bank weighs new measures to stabilise ringgit

by Riah Marton
in Technology
Malaysian central bank weighs new measures to stabilise ringgit
Share on FacebookShare on Twitter


BANK Negara Malaysia is exploring new measures to ensure that the ringgit remains stable, according to the central bank’s deputy governor.

“We are still looking at what are the various other measures which we can undertake, initiatives that we can undertake to ensure that the ringgit remains stable and supported,” deputy governor Adnan Zaylani Mohamad Zahid said on Wednesday (Jun 12).

It’s important for the ringgit to “perform like we expect it to perform to reflect the strength of our fundamentals”, he added.

Policymakers have taken coordinated measures to shore up the local currency after it slid to a 26-year-low in February. The efforts have helped stabilised the ringgit since.

The ringgit rose 0.1 per cent against the US dollar to 4.7158 on Wednesday.

The central bank will also focus on “domestic challenges” in deciding its monetary policy, given the potential impact from the nation’s fuel subsidy reforms, Adnan Zaylani said.

A NEWSLETTER FOR YOU

Friday, 8.30 am

Asean Business

Business insights centering on South-east Asia’s fast-growing economies.

“Subsidy rationalisation presents near-term challenges on how our inflation and growth outlook could be affected in the near term,” he said. “Whether this warrants any response at all from monetary policy is something that has yet to be determined.”

Malaysia started cutting blanket diesel subsidies on Monday and has vowed to make a similar move with RON95, the country’s cheapest and most commonly used petrol, as the government seeks to improve its finances. BLOOMBERG

Tags: BankCentralMalaysianMeasuresRinggitstabiliseWeighs
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Next Post
HSBC to boost stake in China fund venture to become majority owner

HSBC to boost stake in China fund venture to become majority owner

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In