Tengku Zafrul: Govt's proactive monetary policy ensures stable ringgit, financial market

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

"We also ensure that the flexible exchange policy remains Malaysia’s first line of defence to absorb external shocks, while at the same time, ensuring that domestic lending activities continue to be supported,” he said in reply to Senator Jefridin Atan’s supplementary question on the government’s measures to minimise the impact of aggressive monetary tightening measures by the United States Federal Reserve .

The value of the ringgit decreased by 6.5 per cent against the US dollar from January to August 9, 2022, in line with the movement of regional currencies and developed countries. Tengku Zafrul said the ringgit’s value performance needs to be looked at holistically and opined that on average, the ringgit’s exchange rate is not too affected compared to Malaysia’s trading partner currencies.

Singapore dollar getting higher & higher…. USD getting more & more expensive…. 🤦‍♂️ IF that’s wat u call stable… 🤦 we must be screwed when it’s shaky… at least lie with the decency of it not being so fuckin obvious

Prudent monetary policies is to bring our MOF money over to join UMNO and PENCURI ?

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Tengku Zafrul says govt’s proactive monetary policy ensures stable ringgit, financial market | The Malaysian InsightMinister says flexible exchange strategy remains Malaysia’s first line of defence to absorb external shocks. The Malaysian Government has nothing to do with monetary policy. Is the Minister implying the Malaysian Central Bank doesn’t operate independently? Take instructions from the PM & Finance Minister? Currency ❌
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