Clear policy key to strengthening the ringgit

“Economic policy should allow the exchange rate to serve as a shock absorber or automatic stabiliser,” Williams said.

PETALING JAYA: The key to strengthening the ringgit lies in clear policy communication, market liquidity and maintaining fiscal and monetary prudence, experts say.

Recently, concerns loom as the local unit crossed the RM4.70 mark against the US dollar on the US Federal Reserve’s (Fed) hawkish stance to keep interest rates higher for longer.