Bank Negara: Ringgit's current level doesn't reflect Malaysian economy’s positive outlook

KUALA LUMPUR: The recent performance of the ringgit, like other regional currencies, are impacted by external factors such as market adjustments to shifting US interest rate expectations, geopolitical concerns, and uncertainties surrounding China's economic outlook, according to Bank Negara.

“Bank Negara is of the view that the current level of the ringgit does not reflect the positive prospects of the Malaysian economy going forward,” Bank Negara governor Datuk Abdul Rasheed Ghaffour said in a statement.