Compliance is not by choice. Once the money comes into their account, the bank is mandated to convert 75% into myr. So, yes, the exporters are already complying.

ooo....

$ index 103.10

euro 1.04
yen 118.5

rm still at 4.46, nice of bnm!

Still very far..... However, other currencies like SGD and Aussie Dollar seems to be falling against USD too.

i also think 25bps will do nothing. maybe 2% will.

but a token incr will be seen as a right move, an acceptance of current conditions and not outright denial.

it may prompt investors to shed some of the negativity and get positive that bnm will raise rates in tandem with fed hike.

no action will imply readiness for an even weaker RM.

investors are now extra sensitive to what signals gomen and bnm are sending.

Bank interest rate tends to track inflation rate.

Many claimed property is a hedge against inflation.

2% hike over the next 2 to 3 years is not unexpected.

"reduce speculation of the currency"

is that part of a blame game on a created fictitious enemy?

WHO is speculating the RM?

how can anyone do that in a meaningful way when it is not traded offshore like other currencies?

or foreign investors selling bursa and mgs are "speculators"?

or anyone selling RM to convert to other currencies for whatever purpose but complying with new rules are "speculators"?

i wish somebody can explain who is speculating, how much and how!

and why doesn't any of the top guns want to talk about the root reasons for lack of confidence?

Singapore's NODX up a strong 9.4% y-o-y in December, beating forecasts of just 5.8%.
Sales to China - Singapore's biggest market - jumped by 33.5% y-o-y following Nov's 15.8% .