KUALA LUMPUR: The ringgit depreciated by 5.8 per cent in the second quarter of 2023 (2Q 2023) but has appreciated by 1.1 per cent so far in 3Q 2023 (as at Aug 15, 2023), amid growing expectations that monetary policy tightening in the United States is nearing its end.
Bank Negara Malaysia (BNM) governor Datuk Abdul Rasheed Ghaffour said global developments continued to be the dominant factor in driving domestic financial conditions during the quarter.
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