Malaysia’s BNM Pledges to Ensure Ringgit ‘Doesn’t Run Too Far’

Bank Negara Malaysia will be on guard to rein in any volatility in the ringgit even as market uncertainty remains high, according to a central bank official.

The central bank will ensure markets are properly functioning and the exchange rate “doesn’t run too far,” Deputy Governor Adnan Zaylani Mohamad Zahid said at an event in Kuala Lumpur on Tuesday.