More upside likely for the ringgit

Quick Summary:

For months, the ringgit has been stuck in the "RM4.40-range trap" against the US dollar, with no clear recovery in sight.

Lavanya forecast a cumulative 50-bps rate cut by Bank Negara in 2026, with the caveat that these could be brought forward if growth starts to slow sharply in 2025.

Despite the 90-day pause which will likely lead to some strong export demand post-pause, there is unlikely any support for the economy ahead.“Because of the GDP revision downward, it makes sense to expect that the overnight policy rate could be adjusted downward.

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Article Details

Author / Journalist: GANESHWARAN KANA

Category: EconomyBusiness

Markets: MalaysiaUnited States

Topics: TradeWar Economy CurrencyOutlook TariffImpact RinggitRecovery FedPolicy DollarWeakness EmergingMarkets /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 00:00:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 1014 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 28157820

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 45 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 27 minutes ago

Coverage Areas: Malaysia

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Publication Timezone: GMT +8:00

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Publisher ID: #22

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