Sep 27 2015, 02:10 PM
QUOTE(Showtime747 @ Sep 27 2015, 01:03 PM)
I am sure many would think now it may be too late as RM has depreciated so much. However, the scenario now is it could still go both ways. Continue to depreciate, or reach its limit and appreciate. Frankly nobody can tell. But I agree on the quoted bolded part above. There must be some structural transformation to our political scene for real improvement. Otherwise, I think RM would depreciate further
right, just don't read hlib comments only.read others, incl this one:
QUOTE
"The ringgit weakness is only helping to cushion the negative shock, rather than reviving exports and growth. There is no 'J' (curve) so far, only a flat 'U'. More risks lie ahead. The Fed's tightening cycle will likely lead to further unwinding of the high foreign ownership holdings (of about 47%) of Malaysian government bonds.
"We also cannot see a quick resolution or the end-game of the current 1MDB crisis. BNM governor Zeti's retirement in April next year is also a risk, given that the next Governor may fall short on meeting market expectations for upholding BNM's credibility and independence," said Chua.
http://www.thesundaily.my/news/1562158
"We also cannot see a quick resolution or the end-game of the current 1MDB crisis. BNM governor Zeti's retirement in April next year is also a risk, given that the next Governor may fall short on meeting market expectations for upholding BNM's credibility and independence," said Chua.
http://www.thesundaily.my/news/1562158
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