Weakening ringgit not reflecting state of economy - Bank Negara

The ringgit’s performance against the US dollar alone is not a reflection of the state of the economy and is only one indicator among many, Bank Negara Malaysia’s (BNM) Governor Nor Shamsiah Mohd Yunus said.

“It is important to consider the strength and positive performance of the Malaysian economy. Growth is robust, the labour market is healthy and the financial system is resilient and continues to perform its role effectively,” she said at the Khazanah Megatrends Forum 2022 in Kuala Lumpur today.

She was delivering her speech titled “Navigating Malaysia’s Economic Transition in a post-Covid world” at the forum.

The governor said...