Kita tgk lately Ringgit Malaysia increase terlalu cepat berbanding currency negara2 lain. Kenaikan yang cepat ni sebenarnyer tak berapa elok untuk ekonomi kita. Tetapi, Zeti kata, it is not a concern...berikut adalah artikel dari Reuters:
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Zeti: Ringgit strength not a concern
KUALA LUMPUR: Malaysia's ringgit currency reflects current economic fundamentals
and there would only be cause for concern if there were excessive or disorderly
movements, the central bank said on Tuesday, April 27.
The ringgit has
strengthened by up to 7.8 percent so far this year on prospects for strong Asian
growth, expectations of further domestic interest rates rises and speculation
that China may allow its yuan currency to start appreciating again later this
year.
But Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz noted the
ringgit had weakened considerably in 2009 during the global financial crisis,
and said it was to be expected the currency would recover along with the
economy.
"We are seeing levels that we have seen before, because it has
strengthened to even stronger levels that what we are seeing today and
therefore, we are not concerned," Zeti told a press conference.
"What we
would be concerned is if there were excessive movements within a short period of
time and if there was disorderly market conditions or there's any misalignment
to the economic conditions," Zeti added.
She said markets had remained
orderly and the currency was reflecting market conditions, underlying
fundamentals and improved economic conditions.
Malaysia's economy grew
by 4.5 percent in the fourth quarter from a year earlier, snapping three
consecutive months of contractions.
A Reuters poll conducted in the
first week of April saw a median forecast of 7.9 percent gross domestic product
growth for the first quarter of this year.
As for interest rates, Zeti
said the central bank would be meeting over two days beginning May 12 to assess
whether to normalize levels further.
The central bank last hiked rates
by 25 basis points on March 4, surprising the market, and economists expect
another 25 basis point hike on May 13.
The rate increase helped fuel a
rally of about 5 percent in the ringgit, making it the best performing Asian
currency this year.
The ringgit was at 3.1816 to the U.S. dollar at
12.45pm. - Reuters
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