Blog: Bank Negara insists ringgit remains undervalued given Malaysia's fundamentals and prospects

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4 comment(s). Last comment by ahbah 2024-02-28 11:38

Income

12,085 posts

Posted by Income > 2024-02-28 06:21 | Report Abuse

Market view is always correct. Don’t forget.

ahbah

6,236 posts

Posted by ahbah > 2024-02-28 11:08 | Report Abuse

Globally, weak currencies = strong stock mkts ? like in Japan, Turkey, Argentina, etc, etc.

GreatDreamer

294 posts

Posted by GreatDreamer > 2024-02-28 11:28 | Report Abuse

These country rely weak currency to spur strong economy growth & stock mkt. PMX policy is on same path! With 2023 current account surplus drop to 1% from 15% in early 2000, it will swing to deficit soon. As PMX want GDP 4-5% grow yearly, more aid n subsidy for B40, higher govt debt, weak RM is the way to go n new trend!!

ahbah

6,236 posts

Posted by ahbah > 2024-02-28 11:38 | Report Abuse

Mani countries weaken their currencies in order to boost economic growth and their stock mkts ? Korrect ma ?

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