No intervention likely to actively boost ringgit

PETALING JAYA: Bank Negara governor Tan Sri Nor Shamsiah Mohd Yunus said the policy priority should be to sustain economic growth in an environment of price stability and to further strengthen domestic economic fundamentals through structural reforms.

“This will provide a more enduring support for the ringgit. Malaysia remains an open economy,” said Nor Shamsiah rather than resorting to capital controls or re-pegging of the ringgit which has hit 24-year lows against the greenback this week.