Tax & Spend
Malaysia’s Firing Growth Engines to Drive Ringgit, Minister Says
- Government on track to end blanket RON95 subsidies by May
- Minister praises BNM, signals he doesn’t see need for rate cut
This article is for subscribers only.
Malaysia is on track for faster economic growth, a narrower fiscal gap and steady prices, setting the stage for sustained currency strength and increased investment, Second Finance Minister Amir Hamzah Azizan said.
“The ringgit will find the natural level commensurate to the growth prospect of the country” and be aided by a decline in interest rate differentials with the US, Amir said in an interview in Washington on Thursday. “Malaysia will look more attractive and the ringgit should strengthen along the way.”