World Bank's outlook reflected a gradual slowdown in the growth of consumer spending and investment
"Market liquidity has deteriorated quite significantly," Divya noted, adding that the ringgit has also become disconnected from fundamentals.
He said that the monthly onshore spot trading has fallen to RM60bil frm RM120bil.
Divya also said that another drag on liquidity was the reluctance of exporters to convert their US dollars to ringgit.
He said this has made the forex market "extremely one sided".
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
