皇冠开户
热门标签

皇冠会员手机管理端:Tengku Zafrul says no need to peg ringgit to US dollar

时间:4周前   阅读:13   评论:6

皇冠会员手机管理端www.hg9988.vip)是一个开放皇冠会员手机管理端即时比分、皇冠网址代理最新登录线路、皇冠网址会员最新登录线路、皇冠网址代理APP下载、皇冠网址会员APP下载、皇冠网址线路APP下载、皇冠网址电脑版下载、皇冠网址手机版下载的皇冠新现金网平台。

Finance Minister Tengku Zafrul Abdul Aziz says if the ringgit is pegged to the US dollar, Malaysia’s overnight policy rate would have to follow that of the US Fed. – Facebook pic, August 11, 2022.

THE government has no plans to peg the ringgit to the US dollar, as such a move is fraught with risk and a large trade-off, said Finance Minister Tengku Zafrul Abdul Aziz said.

He said a peg would not be the best move for the economy as it would require Malaysia to follow the monetary policy of the country to which the ringgit is pegged.

“For example, if the ringgit is pegged to the US dollar, Malaysia’s overnight policy rate would have to follow that of the US Fed, which will raise its interest rate by 325 basis points, or 3.25% overall in 2022, although Malaysia’s economic recovery and inflation levels are different than that of the US.

“Malaysia would face constraints in setting the monetary policy and Malaysians would have to bear the high financing cost although the economic situation here is different from that of the United States,” the finance minister told the Dewan Negara today.

He said the strength of a currency depends on strong economic fundamentals, noting that Malaysia has solid fundamentals, supported by strong demand domestically and overseas, as well as rising commodity prices.

,

最新博彩网址www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。最新博彩网址上线上最新博彩网址会员登录线路、最新博彩网址代理网址更新最快。最新博彩网址开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

This was reflected in first quarter gross domestic product (GDP) growth of 5%, he said, with an expected better performance in the second quarter.

Tengku Zafrul said if the currency was pegged, it would have to be accompanied by capital controls to prevent capital outflows, and that would affect foreign investor confidence.

A flexible ringgit exchange rate is important to balance the need to absorb external shocks and support the Malaysian economy amid global uncertainty, he added.

“Hence, the government through Bank Negara Malaysia (BNM) will ensure that financial markets are stable and efficient, and we will take measures to ensure sufficient liquidity and resilience to prevent destabilisation in the ringgit’s value.

“BNM will continue to monitor it to ensure an orderly forex market and prevent volatile moves in the ringgit,” he said, adding that the central bank is ready to use policy instruments in the forex market to prevent ringgit volatility. – Bernama, August 11, 2022.


转载说明:本文转载自Sunbet。

上一篇:Hg4488(www.hg108.vip)

下一篇:新二皇冠最新手机登录(www.99cx.vip):JCCL to acquire remaining Cycle & Carriage shares at RM2.70 each

网友评论

  • 2022-08-17 00:42:49

    Casinos were last shut in Macau in February 2020 for 15 days. The government has previously been hesitant to close casinos due to its mandate to protect jobs. The industry employs most of the population directly and indirectly and accounts for more than 80% of government revenues.大家好哦!

  • 2023-01-15 00:22:48

    Inflation is running at a four-decade high of 9.4%, largely due to spiralling energy costs and global supply chain disruptions. The cost of living crisis is pushing up the chance of a recession.我是不是很酷呢