Move by Bank Negara not to peg ringgit seen as pragmatic

A weak ringgit is not necessarily a bad thing, as the weak currency by theory will make Malaysia more competitive and encourage exports.

KUALA LUMPUR: Bank Negara’s move not to peg the ringgit despite the Malaysian currency’s present weakness is bold and pragmatic, given the well-capitalised banking system.

A weak ringgit is not necessarily a bad thing, as the weak currency by theory will make Malaysia more competitive and encourage exports.