Economists say ringgit will not weaken substantially from current record lows
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Economists believe that the ringgit will not weaken significantly from its current record lows. They argue that the ringgit has already reached its bottom and is expected to stabilize or even strengthen in the future. The Malaysian government has implemented various measures to support the currency, including tightening capital controls and increasing interest rates. However, some economists caution that external factors such as global economic conditions and geopolitical tensions could still impact the ringgit's performance. Overall, economists are cautiously optimistic about the ringgit's outlook.

#Ringgit #ExchangeRate #Economists #Malaysia

https://www.nst.com.my/business/economy/2024/02/1015761/economists-say-ringgit-will-not-weaken-substantially-current-record