BNM confirms forex intervention but says no to capital controls
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Kuala Lumpur
AS the Malaysian ringgit slipped past 4.40 to the US dollar on Friday amid the greenback's surge, Malaysia's central bank confirmed its intervention in the currency market. It gave no details but stressed that capital controls were off the table.
Bank Negara Malaysia (BNM) assistant governor Adnan Zaylani reiterated that Putrajaya had no plans to revisit capital controls and that talk of this was "baseless".
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
