PETALING JAYA: Economists say a strong ringgit could prove to be a boon for consumers and retailers alike, but differ on how much the central bank should allow interest rates to rise to cope with inflation.
Standard Chartered regional economist Joseph Tan said for the ringgit to sustain its strength against the dollar and other regional currencies, particularly to check import-inflation, Malaysia would do well to increase interest rates by at least another 25 basis points.
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