Bank Negara actively managing ringgit's risk from external development

Question 1: The ringgit has taken a dip versus the US dollar and Singapore dollar in recent weeks. Why is this happening?

Second, investor nervousness about the conflict in Ukraine and signs of weakness in the global growth momentum is also contributing to higher demand for US dollar-denominated assets as it is perceived to be a safer currency. This is also known as a ‘flight to safety’. The VIX or investor ‘fear index’ has risen to 31 points compared to 18 points on average. The IMF has revised down its global growth forecast twice this year already , with 2022 growth revised lower to 3.6 per cent .

Let me first tackle the impact of a depreciating ringgit on inflation. No doubt, there will be elements of that. The flipside is also true. A stronger ringgit will negatively affect export-oriented sectors, but benefit consumption of imported items. Our exports also grew by 1.6 per cent in ringgit terms. Our goods and services were also relatively cheaper, thus making it more attractive to buyers. In times of weaker global demand, this helps our businesses protect some parts of their revenue and help limit the job losses to Malaysians.

Since the Global Financial Crisis of 2007/2008, the ringgit has experienced two-way movements, with both appreciation and depreciation episodes. Excluding large crisis periods, the Malaysian economy has registered stable growth of around 5.4 per cent, inflation between 1.5 per cent and 2.5 per cent and the unemployment rate to average around 3.2 per cent.

Remember internal ones too.

Actively in this context means reactively!

Failed

Better don't actively manage BNM_official

Maybe better if don't actively managing BNM_official

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tahanan etnik Rohingya lolos dipercayai mahir dengan keadaan negara ini, kata polis | The Malaysian Insight50 daripada mereka didapati telah berada di negara ini antara dua hingga tiga tahun.
Source: msianinsight - 🏆 8. / 63 Read more »

TLDM perlu kekal teguh pertahan benteng negara - Sultan SharafuddinThe Navy People kekal fokus dengan tugas dan tanggungjawab masing-masing serta mengekalkan semangat juang yang tinggi.
Source: UMonline - 🏆 27. / 51 Read more »

PM, peguam negara perlu jelaskan penggantian orang Umno di SC, kata Guan Eng | The Malaysian InsightPengerusi DAP berkata kerajaan mesti bertindak pantas untuk menjamin keyakinan pelabur. Umno juga rakyat malaysia
Source: msianinsight - 🏆 8. / 63 Read more »

Insken latih 28,929 usahawan seluruh negaraKetua Pegawai Eksekutif Insken, Muhd Firdaus Azharuddin berkata, keberkesanan program program anjuran institut berkenaan membuatkan beliau bertambah bersemangat untuk terus membantu usahawan di negara ini.
Source: UMonline - 🏆 27. / 51 Read more »

Israel diberi amaran supaya tidak lupa Penyelesaian Dua NegaraMesir, Jordan dan Emiriah Arab Bersatu (UAE) menekan Israel supaya menghentikan semua tindakan yang menjejaskan Penyelesaian Dua Negara. Tindas orang miskin. Rezeki peras ugut rakyat cukai dianggap mulia, tentera dajal menguasai dunia. 1 negara dikuasai ole bgsa plastin dn Yahudi, PM pun ada 2, PM plastin dn Israel. Sapa yg berslh...... 🤔🤔🤔🤔🤔
Source: UMonline - 🏆 27. / 51 Read more »

SPRM hanya siasat, kemudian serah Peguam NegaraSPRM berkuasa menentukan untuk menyiasat sesiapa pun selagi perkara itu termaktub di bawah undang-undang negara.
Source: UMonline - 🏆 27. / 51 Read more »