Zeti: Ringgit is fundamentally strong

PUTRAJAYA: Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz says the ringgit is fundamentally strong and “it will reflect the underlying fundamentals when the global events settle down”.

She also said on Tuesday Malaysia’s financial system can ride out the capital inflow and outflow.

Zeti added Malaysia's GDP for 2014 was also within the forecast.

When asked about the loans undertaken by 1Malaysia Development Bhd (1MDB), she said the central bank does not comment on any individual company.

She also said BNM would not allow any “systemic” effect from any individual company to affect the country’s economy.