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BNM intervenes after ringgit slides: analysts

Ringgit slumps 2.5% to 4.1207 against US$ before rebounding to 4.115

ROILED: The ringgit is projected to slip further next week, as the pound could see bigger selloffs.

Kuala Lumpur

ANALYSTS said Bank Negara Malaysia (BNM) played an active role in the currency markets on Friday as the ringgit tumbled by more than 2 per cent, in line with global markets roiled by Britain's decision to leave the European Union.

Notwithstanding the bank's support,...

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