Malaysia will rely on central bank over ringgit

Malaysia has revealed that it will rely on central bank intervention rather than a currency trading band to maintain the stability of its managed float of the ringgit.

The ringgit's float against a trade-weighted basket of foreign currencies would differ from that of China, which will set a daily trading band of plus or minus 0.3 per cent for the renminbi.

Nor Mohamed Yakcop, Malaysia's second finance minister, said the central bank would intervene if there was "undue volatility", but the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

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

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account