Bank Negara: Malaysia must resolve domestic factors on ringgit

KUALA LUMPUR: Malaysia’s central bank said “every effort” must be taken to resolve domestic factors that have contributed to volatility in the ringgit, including concerns about government-linked entities and credit ratings.

Current movements of the ringgit were affected by both global and domestic developments, Bank Negara said in a statement on its website yesterday. Global developments included investor expectations relating to monetary policies of major central banks and trends in crude oil and gas markets, it said.