KUALA LUMPUR: Bank Negara Malaysia’s (BNM) Financial Markets Committee (FMC) said the ringgit "does not reflect Malaysia’s strong macroeconomic fundamentals, such as robust gross domestic product (GDP) growth and moderate inflation.”
The committee noted that the ringgit has significant potential to appreciate and be among the top beneficiaries of US interest rate cuts, given the excessive movement during the rate hike cycle.
