BNM Intervenes - At What Cost?
Vishnu Varathan, Senior Economist, Mizuho Bank | Khoon Goh, Head of Asia Research, ANZ Bank | Dr Suresh Ramanathan , Independent FX strategist
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Bank Negara says it is intervening in the currency market, to maintain orderliness and stability of the ringgit.
We explore if this move serves more advantages (than not), at what cost this move comes with, what does capital control really entail, and the mere possibility or scenario in which capital controls will be implemented. We also get industry experts' views on how much weaker can the ringgit get.
This is a report by Wei Lynn Tang
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