Govt seeking balance in ringgit's value , says Anwar

Photo: Bernama

NILAI: In an effort to overcome the problem of the ringgit's depreciation, the government is seeking to strike a balance so that the country's interest rates will not cause foreign investors to take their money out of the country, says Datuk Seri Anwar Ibrahim.

The Prime Minister said the drop in ringgit was linked to the country's low interest rates, and if the government raised the interest rates too much, it would burden small and medium companies.