Sia Ket Ee from OSK Research said that the latest statement by BNM Governor marked a significant change in stance of the central bank to prepare the market for a possible lifting of the Ringgit offshore trading ban. He believes BNM is already confident that domestic financial infrastructure is maturing, especially after the staged liberalisation and that the domestic economy could also be ready for a more volatile Ringgit trading. We view the “change in tone” favourably as it will expedite the development towards a more developed foreign exchange market, hence enhancing Malaysia’s attractiveness as a destination for investments.
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1 comment:
gov not easily lift offshore ringgit ban...to be sure...
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