Saturday, July 27, 2024
27 C
Brunei Town

Policy normalisation can lend support to ringgit

THE STAR – In an environment of rising global interest rates, an increase in the overnight policy rate (OPR) could help mitigate the risk of capital outflows and pressure on the local currency. The ringgit is currently hovering at 4.18 to 4.19 against the United States (US) dollar, implying a loss of 0.54 per cent
spot_img

Latest

spot_img