Skip to main content

Bank Negara governor defends efforts to curb NDF market

Malaysian central bank will continue its actions to improve market mechanism

BNM governor Muhammad Ibrahim (right) shares a joke with Central Banking’s editor-in-chief, Christopher Jeffery
BNM governor Muhammad Ibrahim (right) shares a joke with Central Banking editor-in-chief Christopher Jeffery
CIMB Group Holdings

The divergence of the Malaysian ringgit in onshore and offshore forward markets late last year was a result of a market mechanism failure, the governor of Bank Negara Malaysia (BNM) has said.

Speaking during a dinner event at the Risk Asean conference in Kuala Lumpur on May 24, Muhammad bin Ibrahim defended the central bank’s subsequent efforts to curb the offshore non-deliverable forward (NDF) market.

After Donald Trump’s victory in the US presidential election late last year, the ringgit

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Iniciar sesión
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.