Lack of liquidity to weigh on ringgit outlook this year

KUALA LUMPUR: A lack of liquidity in the onshore spot currency market and the anticipated hikes in benchmark US interest rates would continue to weigh on the ringgit’s outlook this year.

Standard Chartered Bank plc chief economist Marios Maratheftis said in a media briefing that the change in US monetary policy would have repercussions in the global financial markets, noting that the most important factor impacting the ringgit will be when and how many times the US Federal Reserve raised interest rates.