AGL 6.65 Decreased By ▼ -0.13 (-1.92%)
ANL 9.76 Increased By ▲ 0.38 (4.05%)
AVN 80.00 Decreased By ▼ -1.40 (-1.72%)
BOP 5.41 Decreased By ▼ -0.06 (-1.1%)
CNERGY 4.95 Decreased By ▼ -0.08 (-1.59%)
EFERT 82.00 Decreased By ▼ -0.99 (-1.19%)
EPCL 59.00 Increased By ▲ 0.05 (0.08%)
FCCL 15.72 Decreased By ▼ -0.08 (-0.51%)
FFL 6.50 No Change ▼ 0.00 (0%)
FLYNG 8.39 Decreased By ▼ -0.08 (-0.94%)
GGGL 10.17 Decreased By ▼ -0.06 (-0.59%)
GGL 16.38 Decreased By ▼ -0.26 (-1.56%)
GTECH 8.47 Decreased By ▼ -0.13 (-1.51%)
HUMNL 6.40 Decreased By ▼ -0.05 (-0.78%)
KEL 3.04 Decreased By ▼ -0.01 (-0.33%)
LOTCHEM 30.10 Increased By ▲ 0.22 (0.74%)
MLCF 28.95 Increased By ▲ 0.15 (0.52%)
OGDC 75.59 Decreased By ▼ -0.76 (-1%)
PAEL 16.35 No Change ▼ 0.00 (0%)
PIBTL 5.68 Decreased By ▼ -0.10 (-1.73%)
PRL 17.13 Decreased By ▼ -0.32 (-1.83%)
SILK 1.15 Decreased By ▼ -0.01 (-0.86%)
TELE 11.75 Increased By ▲ 0.35 (3.07%)
TPL 8.06 Decreased By ▼ -0.11 (-1.35%)
TPLP 21.74 Decreased By ▼ -0.51 (-2.29%)
TREET 23.40 Decreased By ▼ -0.18 (-0.76%)
TRG 144.40 Decreased By ▼ -3.60 (-2.43%)
UNITY 23.10 Decreased By ▼ -0.25 (-1.07%)
WAVES 11.59 Decreased By ▼ -0.11 (-0.94%)
WTL 1.60 Increased By ▲ 0.01 (0.63%)
BR100 4,244 Decreased By -5.1 (-0.12%)
BR30 16,429 Decreased By -155.7 (-0.94%)
KSE100 42,108 Decreased By -52.1 (-0.12%)
KSE30 15,880 Decreased By -15 (-0.09%)
Follow us

KUALA LUMPUR: Malaysia will not resort to capital controls or re-pegging the ringgit, and the currency’s level will continue to be determined by the market, the central bank said on Friday.

The ringgit has dropped nearly 9% this year, and hit a fresh 24-year low this week.

Asian FX subdued ahead of expected Fed rate hike, shares rebound

“Rather than resorting to capital controls or re-pegging of the ringgit, the policy priority now is to sustain economic growth in an environment of price stability and to further strengthen domestic economic fundamentals through structural reforms,” Governor Nor Shamsiah Mohd Yunus said in a statement.

“This will provide a more enduring support for the ringgit,” she added.

The central bank also said it will continue to closely monitor and ensure orderly financial market conditions amid the strengthening of the US dollar.

Comments

Comments are closed.