皇冠开户
热门标签

usdt支付接口(www.trc20.vip):Ringgit-to-US$ peg not advisable

时间:3周前   阅读:1   评论:2

allbet开户www.aLLbet8.vip)是欧博集团的官方网站。allbet开户开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

Flexible exchange rate crucial, say economists

PETALING JAYA: Economists concur with the government’s view that the ringgit should not be pegged to the US dollar, and a flexible ringgit exchange rate is important.

Malaysia University of Science and Technology economics professor Geoffrey Williams told StarBiz that a ringgit to US dollar peg should not be the government’s policy.

“Governments and central banks cannot control exchange rates. Exchange rate targeting in the past everywhere in the world has been at best ineffective, at worst a disaster.

“Exchange rates are determined by the market in all circumstances in the short and long term.

Malaysia University of Science and Technology (MUST) economics professor Geoffrey Williams

“In most cases, they are determined by factors outside the control of monetary authorities such as economic conditions in other countries,” he noted.

Yesterday, Bernama reported Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz as saying the government has no plans for a ringgit-US dollar peg, as such a move is fraught with high risks and a large trade-off.

,

usdt支付接口(www.trc20.vip)是使用TRC-20协议的Usdt第三方支付平台,Usdt收款平台、Usdt自动充提平台。免费提供入金通道、Usdt钱包支付接口、Usdt自动充值接口、Usdt寄售回收。菜宝Usdt钱包一键生成Usdt钱包、一键调用API接口、一键出售Usdt。

,

Tengku Zafrul explained that a peg would not be the best move for the economy, as it would require Malaysia to follow the monetary policy of the country to which the ringgit is pegged to.

“For example, if the ringgit is pegged to the US dollar, Malaysia’s overnight policy rate (OPR) would have to follow that of the US Federal Reserve, which is expected to raise its interest rates by 325 basis points, or 3.25 percentage points overall in 2022, although Malaysia’s economic recovery and inflation levels are different than that of the US.

“Malaysia would face constraints in setting the monetary policy, and Malaysians would have to bear the high financing cost, although the economic situation here is different from that of the United States,” Tengku Zafrul told the Dewan Negara.

He said if the peg is implemented, it would have to be accompanied by capital controls to prevent capital outflows, and that would affect foreign investor confidence.

A flexible ringgit exchange rate is important to balance the need to absorb external shocks and support the Malaysian economy, amid global uncertainty, Tengku Zafrul added.

Williams pointed out that at best, monetary agencies might influence exchange rates on an ad hoc basis, but they have no systematic influence on the level or volatility of exchange rates.

“Bank Negara is no different to that. Raising the OPR will be wholly ineffective in strengthening the ringgit and the central bank has made it clear that this is not their policy. They are wholly correct in that and I support that stance,” he said.

上一篇:SMG sustains turnaround and reports profit in 2Q22

下一篇:ug环球注册登录(www.ugbet.us):香港积极参与“一带一路”建设 持续提升发展动能

网友评论

  • 2022-09-02 00:21:17



    走不出来了

    • 2022-09-07 13:31:27

      @找你妹 The statement was issued in conjunction with the Seminar and Launch of the Guideline on Management of Occupational Noise-Related Hearing Disorders, which was officiated by DOSH deputy director-general (occupational safety) Mohd Anuar Embi at the International Islamic University of Malaysia today.很有水平的文