Govt rules out pegging the ringgit, ahmadmaslan says
He said pegging the ringgit would cause Malaysia to lose the ability to continue its monetary policy and would then force Bank Negara Malaysia to raise the Overnight Policy Rate to the same level as the United States’ interest rate which is currently at the threshold of 5.00 — 5.25 per cent.“The rakyat already feel ’uncomfortable’ with the OPR at 3.00 per cent, what more if it is increased to 5.25 per cent,” he said during an oral question and answer session at the Dewan Negara today.
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